From 1 July 2023, the percentage rate for the Super Guarantee will increase from 10.5% to 11%. That means more money in your retirement fund. What is the Super guarantee and why is it important? The Super Guarantee is the minimum amount that your employer must contribute to your Super. This is on top of…
Act now or risk losing your life insurance: Contact your super fund by June 30 Starting from July 1 there are major changes to superannuation that could impact workers on extended maternity leave or sick leave. Act now to avoid losing your life insurance. If you have a superannuation account with a balance of less…
Today, for the first time, Labor announced that if elected to Government, it would implement a range of reforms proposed by the ASU to bring back fairness to the superannuation system. As you know the ASU commissioned a report last year into superannuation outcomes for women in the workforce which was only possible because of…
ASU EBA 6 has been approved by the majority of staff who voted. 97% of staff who voted in the ballot voted in favour of the Agreement making EBA 6 one of the strongest supported ASU EBAs negotiated. This is not surprising as the EBA contains some ground breaking new provisions never before available at…
A delegation of ASU members visited Federal Parliament in Canberra last week to urge members of parliament to deliver better outcomes for women in retirement. ASU members Ann, Rosemary and Vicki told members of parliament about the kind of retirement they will be looking at if the Federal Government doesn’t do something to get super…
New report reveals retirement is not so super for women. Following two major ASU surveys about retirement security, what we learned demanded further study and the search for solutions. Today we are proud to launch the report: “Not So Super, For Women: Superannuation and Women’s Retirement Outcomes”, in collaboration with progressive think tank Per Capita.…
On 19 & 20 November 2015 Qantas Holidays employees were advised that the defined benefit superannuation fund would be closed on 29 February 2016. The ASU has met with management to be briefed on the changes and raise questions about the impact of the changes on our members. You will now have received an estimate…
In all the talk of age pensions, political deals and savings measures, we often forget the group in our society most negatively affected by cuts to safety nets: our women. Click here for full article in Working Life.