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Articles
Last-minute super contributions
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Pitfalls of 'late' super payment
Important - Private Health Insurance Rebate - 2012-13
Tax Time checklist - Company, Trust or Partnership - 2012
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GST Change of Use Continuing Obligations
What is 'lost' Super?
Small Business CGT Concessions
GST Private Use Continuing Obligations
Federal Budget 2012 - 2013  -  At a Glance
Federal Budget 2012-13  -  Overview
Federal Budget 2012 - 2013
More Pressure on SME's
Who will pay the unexpected FBT?
Carbon tax to commence on 1 July 2012
Government Set on Countering Phoenix Activities
What is 'lost' Super?

 

A great deal of government “spin” and some from big superannuation managers,...


... tell us that the superannuation system needs an overhaul.

One reason given for the overhaul is that it creates billions in ‘lost super’.

Changes to “lost super” are more likely to benefit big fund managers or the government who hold this vast reservoir of “lost” super, than it will benefit members.

Is this an issue created out of mere inconvenience?

Your super is considered “lost” if your account has not received any contribution for two years or mail sent by the fund is returned unanswered twice.

Such a broad sweeping term means distorted statistics can be used to serve the purposes of anyone, but the member.

 

 

 

 

 

 

 



21st-June-2012