Some Australian workers are forced into early retirement as a result of unforeseen illnesses. For these Australians, early retirement decreases their superannuation balances, their long-term wealth and the quality of their retirement over the long-term.
Australian business has been lamenting the Federal Government's inability to land a policy to bring down carbon emissions. But just days after Prime Minister Scott Morrison confirmed the National Energy Guarantee was dead, one of the country's biggest superannuation funds is taking matters into its...
ASIC asserts that it is working to provide a fair, strong and efficient financial system for all Australians. Underpinning this vision is the recognition that every dollar in the financial system is other people’s money.
In this government response document, the Australian government asserts that it is committed to women’s economic empowerment by ensuring workplace diversity and flexibility, flexible and affordable child care, increasing the incentives for women to work, and getting women into the jobs of the future.
The purpose of this report is to explain aspects of the legal framework for the Australian superannuation system, focusing on the rules that govern the use of members’ funds by trustees and other professional financial services providers in the superannuation system. It also deals briefly...
This report has been prepared by Darren McShane, at the request of the ASIC, following its announcement of an external expert review of Regulatory Guide 97, Disclosing fees and costs in PDSs and periodic statements (RG 97).
This paper considers the superannuation system from the consumer (or member) perspective, discussing how a consumer enters the superannuation market, interacts with superannuation fund trustees and accesses their superannuation at retirement.
This paper provides a summary of major financial system reforms over the past twenty-five years, focussing primarily on regulatory reforms affecting superannuation funds.
This report addresses the question of how superannuation trustees can ensure that they are investing their assets for the public good — in particular how to fund public infrastructure.
This paper provides information on the interactions of Aboriginal and Torres Strait Islander people with financial institutions, including banks, insurers and superannuation funds.
Analysis shows that workers in the gig economy tend to have lower wages than employees. They also often miss out on a number of other benefits. Further, their classification as independent contractors has implications on their tax status and superannuation. This research note examines how...
The Commission is undertaking this inquiry under the twin (stage 2 and stage 3) terms of reference. This draft report brings together both streams of work to provide an overall assessment of the superannuation system and recommend policy changes.
The federal government has released for public consultation two draft proposals that would provide victims of crime with access to a perpetrator’s superannuation in certain circumstances.
This report focused on the attitudes of New Zealanders and Australians to the challenges posed by an ageing population and the degree of support for a range of changes to retirement incomes policies.
This report examines how the rules embedded in the tax and transfer system, especially in relation to the age pension, may impact on household choices.
This report describes an $80 billion GDP (value-added) industry employing some 625,000 Australians and on the cusp of change. Some parts of the transport industry are more immune to change than others – so the report provides insights into the technology and overlay of social...
This report looks at the challenges of providing a secure retirement for all Australians and the changes needed to ensure the superannuation system remains fit for purpose over the coming decades.