The Federal Government sometimes takes a closer look at the superannuation system and the super rules. During 2009 and 2010, the Government established the Super System Review, run by Jeremy Cooper, and the Tax Review, run by Ken Henry.
The following articles refer to Super System Review and superannuation.
The self-managed super fund (SMSF) sector is “in pretty good shape” according to Jeremy Cooper, chair of the Super System Review.
Speaking at a SMSF industry (SPAA) conference on 18 February 2010, Cooper stated that, on average, SMSFs have become cheaper to run as SMSF account balances have grown, while still maintaining [...]
In early February 2010, the Federal Government released a report reminding us that Australia’s population is growing, causing increased pressure on infrastructure such as housing, telecommunications, schools, energy, water and transport. Our growing population is also disproportionately ageing creating additional pressures on government spending, in particular, spending on [...]
I am writing this short article to provide some context to the articles that have appeared in the Australia Day weekend newspapers about the Henry tax review. Although the Henry tax review report is not a public document the Government has deemed it appropriate to ‘leak’ the [...]
If you’re confused about what is happening with the Super System Review, then you’re not alone. Over the past few months, I have chatted with many Australians who are reading in the newspapers about phases, issues papers and preliminary reports and not sure what fits where in the Super System Review [...]
By 30 June 2010, a Government-appointed panel will finalise its review of Australia’s superannuation system – warts and all! Before the Review panel delivers this report however, there’s a lot of work to be done.
The panel, appointed in May 2009 (and two extra panel members appointed in August 2009), is overseeing [...]
On 10 December 2009, the Government’s Super System Review released ‘A statistical summary of self-managed superannuation funds’. Although mainly based on data as at June 2008, the document provides interesting insights into what the ‘average’ SMSF is doing in terms of fund costs, asset allocation and investment performance.
SMSFs are cheaper [...]
I have received a lot of encouraging emails from readers commenting on my top ten problems list, including a timely email from one reader about the fact that Superannuation Guarantee ceases when an employee turns 70. She writes:
“…If you are still working after 70, employers should still have to pay super [...]
Based on the bagging that DIY super trustees have received in the media recently from government and certain sectors of the superannuation industry, you may be thinking that taking control of your retirement savings via a self-managed super fund (SMSF) is akin to a criminal act.
Don’t be fooled by the bluster and bullying of certain [...]
In the May 2009 edition of SuperGuide, I promised you a list of what I believed to be the top ten problems with Australia’s super system. My motivation for promising this list was the federal government’s announcement of yet another review (details at bottom of this article) relating to the superannuation system, and the appointment [...]
The Superannuation Minister Nick Sherry has announced another review of the superannuation sector. He believes that after nearly 20 years of compulsory super that it’s time to re-examine the system.
Senator Sherry has made it clear that this review is not looking at the tax aspects of superannuation (we already have [...]
Hi - I'm Trish Power and I am the author of Superannuation For Dummies and many other books on super and investing.And guess what! This site, SuperGuide, is the only INDEPENDENT website for consumers on superannuation in Australia. Read more