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The taxable income of a superannuation fund is taxed at a flat rate of 15%; however, concessional contributions of those members whose taxable income exceeds $300,000 are subject to a rate of 30%. In the 2016 federal budget, the government proposed to reduce, effective 1 July 2017, the threshold when the tax rate of 30% comes in to members ...
Superannuation in Australia, or "super", is a savings system for workplace pensions in retirement. It involves money earned by an employee being placed into an investment fund to be made legally available to members upon retirement. Employers make compulsory payments to these funds at a proportion of their employee's wages.
Superannuation Australia: The Australian Retirement Trust announced it would dump A$133m in Russian assets. 3 March 2022 [43] AustralianSuper: Superannuation Australia: AustralianSuper announced it would dump its A$175m portfolio of Russian assets as quickly as possible. 4 March 2022 [44] Aware Super: Superannuation Australia
The history of Tree-Berry Farm. Westerveld said her father started Tree-Berry Farm in 1974 on land owned by his father and grandfather. Her family sold the land to the town of Scituate in the ...
The Australian Retirement Trust (ART) is an Australian superannuation fund headquartered in Brisbane, Queensland. It has over A$300 billion in retirement savings under management and 2.4 million members, making it Australia's second-largest superannuation fund. [1] [2] [3]
Funds that do not operate as default funds, such as self managed superannuation funds (SMSFs) or choice products, are not subject to MySuper standards. Since 1 January 2014, unless an employee has chosen another investment option, employers must pay all compulsory SG contributions into approved MySuper accounts, i.e., into super products that ...
Rest Super (formally Retail Employees Superannuation Trust) [3] is an Australian industry superannuation fund established in 1988. It is one of Australia's largest superannuation funds by membership, with around 1.9 million members as at June 2022. Rest currently manages more than $80 billion in funds. [2] [4] [5]
He was later appointed chief executive of AustralianSuper, a role he held for 15 years. [3] [5] Under Silk's tenure, AustralianSuper's nominal funds under management grew from $21 billion to $225 billion. [3] He took the fund from a 'small fry born of compulsory superannuation legislation in the 1990s to a major global player. [4]