Powered by MOMENTUM MEDIA
subscribe to our newsletter sign up

Crackdown on unpaid super still too weak: ISA

Superannuation, Super Australia, Industry Super Australia, unpaid super, retirement planning

The government’s recent attempts to curb unpaid superannuation will only help one out of 10 affected individuals, says the Industry Super Australia lobby group.

Industry Super Australia public affairs director Matt Linden stated that while progress is clearly being made, a tougher line of action is much more needed.

“Every month that passes without a comprehensive solution to unpaid super, millions of Australians are being shortchanged on their retirement savings,” he said.

He also added that the ATO has not yet come to terms with the extent of the problem despite having the technology to easily identify potentially-underpaying taxpayers.

Crackdown on unpaid super still too weak: ISA
Superannuation, Super Australia, Industry Super Australia, unpaid super, retirement planning
nestegg logo
subscribe to our newsletter sign up
FROM THE WEB
Recommended by Spike Native Network
Phil - I agree: this is a lawyer looking to promote their business. I am a broker & former bank lending manager, but in both positions , only cross.......
MMMR - This article is about promoting Binding Financial Agreements above all else. I’m just not sure why lending needs to be the vehicle to create the.......
RobR - I am a broker and a former bank manager. As a banker we were told /trained /instructed to cross secure everything possible to "entangle" the client to.......
MT - Banks love to cross-collateralise and tie up clients. Brokers spend their time unwinding cross-collateralisation. A broker will always recommend.......