When your business hires a new employee, the Choice of Fund form is used to identify where they want their superannuation to be directed. If the employee does not specify a fund, generally the employer directs their superannuation into a default fund. From 1 November...
Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not automatically form part of your estate but instead, is paid to your eligible beneficiaries by the fund trustee according to the rules...
As Australia begins to look out from behind the COVID curtain, we look at how financial support will roll back as states and territories reach vaccination targets. For individuals The COVID-19 Disaster payment offered a lifeline to those who lost work because of...
Is a financial services compensation payment to your superannuation fund a contribution? Of late, there have been several compensation payments made by financial services providers to customers that were inappropriately charged or overcharged for insurance premiums or...
New legislation will help prevent superannuation assets from being hidden during divorce proceedings. From 1 April 2022, the Australian Taxation Office (ATO) will be able to release details of an individual’s superannuation information to a family law court. The...
Australia’s two largest states and the ACT are in lockdown as the Delta strain of COVID-19 takes its toll while others are standing firm on a policy of eradication. The result is a country at a policy impasse and divided by border restrictions. And it is not just...
