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string(69) "Could the Super Home Buyer Scheme ‘torpedo’ Aussie super savings?"
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Industry Super Australia has argued that the scheme would force funds to hold more cash.
" ["fulltext"]=> string(2865) "New modelling from Industry Super Australia has suggested that the Coalition’s proposed Super Home Buyer Scheme would increase the liquidity requirements of super funds and subsequently lead to lower returns.
ISA argued that the scheme would force funds to hold more cash and invertedly invest less in long-term growth-oriented assets.
“Even those Australians that don’t use their super to buy a house will be left tens of thousands of dollars worse off because of the government’s scheme,” said ISA chief executive Bernie Dean.
“Not only will throwing super into the housing market jack up prices and make houses less affordable, but all Australian workers will also be worse off because of lower investment returns.”
During the Liberal Party’s campaign launch last Sunday, Prime Minister Scott Morrison pointed out that New Zealand and a number of other countries already have policies in place that allow people to use their retirement savings to help them buy their first home.
However, analysis by ISA suggested that a balanced option under New Zealand’s retirement savings scheme, KiwiSaver, delivered returns roughly 1 per cent per annum lower than a balanced MySuper fund over both five and 10 years.
Additionally, the KiwiSaver balanced option held about 13.5 per cent less in growth assets than its Australian counterpart.
AMP Capital chief economist Shane Oliver told InvestorDaily that, while the Super Home Buyer Scheme may inflict a short-term impact, the money withdrawn would likely be balanced by funds deposited back into the super system once a sale is made.
The scheme allows first home buyers to withdraw 40 per cent of their super up to a maximum of $50,000 to put towards the purchase of a first home, but the buyer is obliged to return the money, including any associated capital gains, when that home is sold.
As such, Dr Oliver estimated that liquidity issues could potentially persist for up to eight years before money starts flowing back in.
“I suspect it will even out over time because, if someone buys a property and accesses their super when they’re 30, and then they want to trade over and get a bigger property 10 years later, then the money will come back in,” Dr Oliver said.
He also noted that it was difficult to estimate the full impact of the scheme because it was unclear how many people would actually end up taking advantage of it.
The scheme received a mixed response from industry stakeholders upon its announcement, with opponents arguing that it undermined the purpose of the super system and would lead to higher house prices.
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Industry Super Australia has argued that the scheme would force funds to hold more cash.
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months to go in the current financial year, super funds are only just in the black.
" ["fulltext"]=> string(2572) "The median balanced super fund lost 1.1 per cent in April, new estimates from SuperRatings have revealed, as funds faced significant pressure stemming from increased volatility.
While delivering positive returns in all but one month in 2021, the median fund has now declined in three out of the first four months of this year, dragging down the return for the 2021-22 financial year to just 1.2 per cent.
“It is challenging to say whether super funds will end the financial year to 30 June 2022 in the red or the black at this stage, as it could go either way,” said SuperRatings executive director Kirby Rappell.
“However, we have seen funds continue to deliver above their investment objectives over the longer term which typically sit around CPI +3.0%. Sticking to a long-term strategy and blocking out short-term noise is as important as ever, with long-term performance being what really matters.”
Over the past calendar year, the median fund is up 4.2 per cent, with stronger returns delivered per annum over the past three years (6.5 per cent), five years (6.9 per cent.), seven years (6.7 per cent) and 10 years (8.2 per cent).
The median growth option fell by 1.5 per cent in April but is still up 5.0 per cent over the past year and 9.4 per cent p.a. over the past 10 years.
Meanwhile, the capital stable option recorded a smaller fall of 0.7 per cent for the month and has risen 1.0 per cent in the past year and 4.9 per cent p.a. over 10 years.
“Looking back over the last 15 years, the median balanced option has added more than 120 per cent, similarly members sitting in a typical growth option will have seen their retirement nest egg grow by around 121 per cent,” said Mr Rappell.
To illustrate this growth as well as the risks of not sticking to a long-term strategy, SuperRatings calculated the performance of a $100,000 investment in super since 2007.
In the median balanced option, this investment would have grown to $219,775, while in the median growth option, an even greater increase to $221,058 would have been recorded.
If this $100,000 investment was switched from balanced or growth to cash at the onset of the COVID-19 pandemic in March 2020, SuperRatings said that the balance would be roughly $45,000 to $55,000 lower.
“Making snap decisions can lead to a worse outcome and it’s best to set a long-term strategy and stick to it, as we see markets recover losses from these unexpected events over time,” Mr Rappell concluded.
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With two months to go in the current financial year, super funds are only just in the black.
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thousands of Aussies are at a significant financial disadvantage, foregoing $175,000 in super on average by retirement age.
" ["fulltext"]=> string(2329) "The super balance of a primary carer at retirement is reduced by $17,700 on average for each year they remain in the role, according to an analysis released by Carers Australia.
The peak body representing Australia’s carers also revealed that the lifetime earnings of primary carers fell by $39,600 for every year they continue in the role.
“The focus of politics in the past few weeks has been on employment and superannuation, including the Coalition’s proposed Super Home Buyer scheme and the Labor Party’s now-retracted proposal to contribute superannuation on paid parental leave,” said Carers Australia CEO Alison Brook.
“What neither party is considering is the reality for so many of Australia’s carers who are unlikely to have an ample superannuation balance to begin with.”
The recently released Caring Costs Us report from Carers Australia found that carers miss out on an average of $175,000 in superannuation by the time they reach 67 in addition to lost wages totalling $392,500
“Carers Australia had previously revealed in 2020 that the cost of replacing all informal care with commercial market services was valued at $77.9 billion per annum, before the pandemic commenced,” Ms Brook noted.
“Coupled with the Caring Costs Us report findings, there is a strong argument for addressing the barriers and long-term impacts on carers’ financial and economic security.”
A survey conducted by the Australian Bureau of Statistics (ABS) from 2018 indicated that 861,000 people were primary carers, of whom 71.8 per cent were women.
Furthermore, the survey found that 1 in 10 Aussies were carers and that these individuals were more likely to be receiving government pensions or allowances and less likely to be engaged in secure employment than the population overall.
“In the end, everyone either knows a carer, or has been, is, and/or will be a carer at some stage in their lives. We have been asking ‘who cares for carers?’ in the lead up to this election with a disappointing response,” said Ms Brook.
“We are looking forward to working with the next Australian Government to address the economic and other disadvantages experienced by Australia’s 2.65 million carers.”
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A report has found that hundreds of thousands of Aussies are at a significant financial disadvantage, foregoing $175,000 in super on average by retirement age.
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" ["fulltext"]=> string(1801) "Australia’s $3.5 trillion superannuation savings pool is a key asset, but the “system can be better”, the APRA chair has said.
Addressing the Financial Services Institute of Australasia’s (FINSIA) ‘The Regulators’ event on Friday, 13 May, Wayne Byres has called for improvement in the sector.
“Put simply, when it comes to superannuation, good enough isn’t good enough,” Mr Byres said.
“We still have too many trustees that could do better – including, in some cases, by handing their responsibilities to someone else. So, our primary focus continues to be to drive out sub-standard products and practices, using a combination of the government’s annual performance test, our own heatmaps, intensified supervision, and (when needed) what my colleague Margaret Cole referred to as ‘a more muscular approach to enforcement.’”
Mr Byres also addressed the incoming retirement income covenant (RIC) – which will require superannuation trustees to plan and outline a retirement strategy for members – set to come into effect on 1 July.
The prudential regulator chair said the legislation means the provision of retirement products is another area that needs attention.
“As the superannuation system matures, and an increasing proportion of Australians move into the retirement phase, much greater attention needs to be given not just to how superannuation savings are managed, but how they are accessed in retirement.
“This is a space ripe for innovation and new thinking.”
Mr Byres comments come after the Actuaries Institute released a paper last month designed to help superannuation funds navigate the RIC, calling it “crucial for the wellbeing of all Australians”.
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Wayne Byres discussed the sector at a FINSIA event.
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["introtext"]=> string(106) "The Morrison government’s new plan has been met with a mixed response by industry stakeholders.
" ["fulltext"]=> string(5915) "On Sunday, Prime Minister Scott Morrison announced the Coalition’s Super Home Buyer Scheme which would enable first home buyers to use up to 40 per cent of their superannuation (maximum $50,000) towards buying a house.
"This would apply to both new and existing homes and whatever amount is invested will be returned to your super when you sell the home, including the share of the capital gain from the sale of that home,” Mr Morrison said at the Liberal party’s federal election campaign launch in Brisbane.
"Superannuation is there to help Australians in their retirement — the evidence shows that.
"The best thing we can do to help Australians achieve financial security in their retirement is to help them own their own home."
First home buyers who have separately saved 5 per cent of the required deposit would be eligible for the scheme to start on 1 July 2023. Buyers must also only buy the property for owner-occupier purposes and must live in the home for at least 12 months.
Shortly after the announcement, the Financial Services Council (FSC) rejected the scheme, with CEO Blake Briggs explaining it would undermine the purpose of the superannuation system and “weaken” its ability to provide higher standards of living in retirement.
"The FSC recognises there is a correlation between renting in retirement and poverty amongst older Australians, but Australians should not have to choose between a home and their retirement savings,” Mr Briggs said.
“The government’s own majority report into ‘Housing Affordability and Supply in Australia’ concluded that superannuation should only ever be used for housing if there were commensurate measures to increase supply.
“The government’s supply measure only extends downsizing to 1.3 million households, whilst potentially allowing approximately 5.3 million under 35-year-old Australians that do not yet own a home access their superannuation to buy a first home.
“The government has an obligation to do more to boost supply, otherwise unleashing superannuation savings on the housing market risks driving prices higher still.”
Similarly, Insurance Super Australia (ISA) said not only does the scheme undermine retirement savings, but that it would add tens of thousands of dollars to housing prices.
Analysis conducted by ISA suggested that a surge in housing prices could hike Australia’s five major capital city median property prices by 8 to 16 per cent.
“Throwing super into the housing market would be like throwing petrol on a bonfire – it will jack up prices, inflate young people’s mortgages and add to the aged pension, which taxpayers will have to pay for,” ISA chief executive Bernie Dean said.
“Super is meant to be for people’s retirement, not supercharging house prices and pushing the home ownership dream further away.
“Not only will it lock young people into hugely inflated mortgages without any requirement for their own deposit, it will torpedo investment returns for everyone leading to everyone having far less at retirement.”
Property economists McKell Institute has also announced their stance against the Coalition’s plan, referencing a report it released just five months ago which looked at the effects on the housing market should Australians be allowed to use their super on a home deposit.
The modelling found that giving prospective buyers access to $40,000 of superannuation would increase the median house prices across the country – almost $100,000 in Brisbane, over $90,000 in Hobart, over $84,000 in Adelaide, over $57,000 in Perth, over $40,000 in Sydney, over $30,000 in Melbourne.
The McKell Institute report’s suggested an additional $25 billion of debt would be incurred by Melbourne homes and $23 billion in Sydney.
“Homes are already unaffordable for millions of Australians and Scott Morrison’s proposal would pour fuel on the fire," McKell Institute executive director Michael Buckland said.
"What first home buyers desperately need is a little calm in the overheated housing market. This proposal would kick start yet another house price spiral, stripping young people of their super savings and doing virtually nothing to improve real affordability.
"Super-for-housing would basically mean first home buyers handing their hard-earned retirement savings to existing property owners, when they would be much better off investing that money in super.
"Young Australians need their retirement savings quarantined and compounding. Using these savings to fuel yet another house price frenzy would be policy madness."
Super boost for retirees
Meanwhile, the Retirement Living Council of the Property Council of Australia has applauded a separate plan announced by the government on Sunday to “incentivise” older Australians by encouraging them to downsize their homes and put up to $300,000 from the sale into their superannuation fund.
Executive director Ben Myers called the move an important step for both older Australians looking for a home that suits them, and younger families who will see more stock on market.
Mr Myers said the Coalition’s scheme would get Australia on a path to “right-sizing”.
“We know many older Australians face barriers to right-sizing their housing and today’s announcement will provide real incentives to encourage people to unlock their home equity and move into a home that supports them to live independently for longer,” he said.
“Encouraging older Australians to right-size, not only contributes to healthier ageing, it’s also one of the smartest and fastest ways a government can boost much needed housing supply for families.”
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The Morrison government’s new plan has been met with a mixed response by industry stakeholders.
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renewed commitment from the Morrison government to back a 12 per cent lift to the superannuation guarantee as presently legislated, has been warmly welcomed by the superannuation sector as a “bipartisan commitment” to Australians counting on “super certainty” for their retirement funds.
" ["fulltext"]=> string(2435) "The pledge comes as the government faces an imminent federal election on 21 May, with Prime Minister Scott Morrison reaffirming the Coalition’s position in supporting a rise in the superannuation guarantee if re-elected.
One of the superannuation sector’s biggest peak bodies, Industry Super Australia was elated by the Prime Minister’s announcement, commenting that it establishes a “strong bipartisan pact” that will “deliver dignity in retirement for millions”.
As the rate increase is enshrined in legislation, the government will be obliged to facilitate rises of “affordable” 0.5 per cent increments each year until it reaches 12 per cent by 2025.
Industry Super Australia feels the announcement reinforces a Coalition commitment made in December 2021, to increase the rate without delay and without making parts of the increase optional.
The Labor Party has also backed the superannuation guarantee rise, with an affirmed commitment from Shadow Assistant Treasurer and Shadow Minister for Financial Services, Stephen Jones.
According to Industry Super Australia, Australians “strongly support” the increases, with a recent consumer survey showing two-thirds of Australians “want politicians to stop tinkering with the super rate”.
“A 30-year-old could stand to lose $78,000 at retirement if the legislated increase was scrapped,” a statement from Industry Super Australia said.
Industry Super Australia also called on the next government to commit to closing the gender super gap and to fix unpaid super by making super payable on payday, “to ensure workers get the full benefit of the superannuation guarantee increase”.
Industry Super Australia chief executive Bernie Dean welcomed the Prime Minister’s “ironclad commitment” that a re-elected Coalition government would not alter the legislated increases in the Super Guarantee in any way.
“The commitment from both major parties to leave the super rate alone is a no-brainer given how much the community supports it going up,” Mr Dean said.
“Our federal politicians now need to make sure every worker gets the full benefit of the locked-in rise in the super guarantee by requiring all employers to pay it with wages. Only that will fix the scandal of unpaid super that costs about one in every four workers billions of dollars each year.”
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A renewed commitment from the Morrison government to back a 12 per cent lift to the superannuation guarantee as presently legislated, has been warmly welcomed by the superannuation sector as a “bipartisan commitment” to Australians counting on “super certainty” for their retirement funds.
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"7" ["title"]=> string(17) "First article URL" ["name"]=> string(3) "url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-07-09 01:32:54" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "0" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7769 (3) { ["data":protected]=> object(stdClass)#7848 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7833 (3) { ["data":protected]=> object(stdClass)#7850 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "3" ["label"]=> string(17) "First article URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [8]=> object(stdClass)#7996 (32) { ["id"]=> string(1) "8" ["title"]=> string(18) "Second article URL" ["name"]=> string(18) "second-article-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-07-08 05:42:04" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "0" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7849 (3) { ["data":protected]=> object(stdClass)#7852 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7851 (3) { ["data":protected]=> object(stdClass)#7854 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "3" ["label"]=> string(18) "Second article URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [9]=> object(stdClass)#7993 (32) { ["id"]=> string(1) "9" ["title"]=> string(17) "Third article URL" ["name"]=> string(17) "third-article-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-07-08 05:42:42" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "0" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7853 (3) { ["data":protected]=> object(stdClass)#7856 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7855 (3) { ["data":protected]=> object(stdClass)#7858 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "3" ["label"]=> string(17) "Third article URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [4]=> object(stdClass)#7997 (32) { ["id"]=> string(1) "4" ["title"]=> string(9) "Video URL" ["name"]=> string(9) "video-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-19 05:54:21" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "1" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7857 (3) { ["data":protected]=> object(stdClass)#7860 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7859 (3) { ["data":protected]=> object(stdClass)#7862 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(9) "Video URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [6]=> object(stdClass)#7988 (32) { ["id"]=> string(1) "6" ["title"]=> string(33) "Image Caption / Video description" ["name"]=> string(31) "image-caption-video-description" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-25 16:29:55" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "2" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7861 (3) { ["data":protected]=> object(stdClass)#7864 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7863 (3) { ["data":protected]=> object(stdClass)#7866 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(33) "Image Caption / Video description" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [3]=> object(stdClass)#7989 (32) { ["id"]=> string(1) "3" ["title"]=> string(6) "Status" ["name"]=> string(6) "status" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-20 01:45:26" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "3" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7865 (3) { ["data":protected]=> object(stdClass)#7871 (1) { ["options"]=> object(stdClass)#7869 (2) { ["options0"]=> object(stdClass)#7868 (2) { ["name"]=> string(8) "Inactive" ["value"]=> string(1) "0" } ["options1"]=> object(stdClass)#7870 (2) { ["name"]=> string(6) "Active" ["value"]=> string(1) "1" } } } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7867 (3) { ["data":protected]=> object(stdClass)#7873 (10) { ["hint"]=> string(0) "" ["class"]=> string(9) "btn-group" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(5) "radio" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(6) "Status" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [5]=> object(stdClass)#8002 (32) { ["id"]=> string(1) "5" ["title"]=> string(22) " Essential information" ["name"]=> string(21) "essential-information" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-25 06:10:20" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "4" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7872 (3) { ["data":protected]=> object(stdClass)#7875 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7874 (3) { ["data":protected]=> object(stdClass)#7877 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(22) " Essential information" ["description"]=> string(35) "3 points that summarize the article" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [2]=> object(stdClass)#8003 (32) { ["id"]=> string(1) "2" ["title"]=> string(14) "Embedded Video" ["name"]=> string(14) "embedded-video" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-20 01:43:32" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "5" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7876 (3) { ["data":protected]=> object(stdClass)#7879 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7878 (3) { ["data":protected]=> object(stdClass)#7881 (10) { ["hint"]=> string(29) "Paste your embedded code here" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(90) "/retirement/superannuation/major-parties-back-superannuation-guarantee-rise-to-12-per-cent" ["image"]=> string(45) "images/article-826x550/document_review_ne.jpg" ["image_alt"]=> string(29) "superannuation guarantee rise" } }
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