News & Media

Thursday, 17 August 2017

Extending Single Touch Payroll could reduce non-payment of superannuation in black economy

AIST has called on the Government to extend the mandatory uptake of Single Touch Payroll for small businesses

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Wednesday, 16 August 2017

AIST welcomes Government’s focus on modern slavery

AIST has welcomed the Government’s announcement on modern slavery, noting that a new reporting regime for large businesses was an important step towards addressing Australia’s $5 billion unpaid sup...

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Tuesday, 15 August 2017

Government reforms must recognise that net returns drive optimal retirement outcomes: AIST

The Government’s proposed ‘outcomes’ test risks diluting the vital role of net investment returns in delivering optimal retirement outcomes for superannuation consumers.

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Friday, 28 July 2017

ISWG fourth discussion paper

The Insurance in Superannuation Working Group today released the fourth in a series of discussion papers as a further step towards developing an Insurance Code of Practice for superannuation trustees.

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Wednesday, 26 July 2017

Superannuation exemption disadvantaging Aboriginal and Torres Strait Islander peoples

The Indigenous Superannuation Working Group is calling for the removal of the $450 monthly income threshold that discourages employers from paying superannuation guarantee entitlements to many Abor...

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Tuesday, 25 July 2017

Superannuation reform package requires careful analysis: AIST

The Government’s package of superannuation reforms announced today requires careful analysis to ensure there are no unintended consequences for members.

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Wednesday, 28 June 2017

Default fund must be named on new superannuation Choice online form

AIST has welcomed the digitization of superannuation choice forms but expressed concerns that important consumer protections could be overlooked as part of the process.

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Thursday, 22 June 2017

Big Super Day Out event to reunite Indigenous Australians with their lost superannuation

The Big Super Day Out, a free Indigenous superannuation event run by First Nations Foundation that is coming to Brisbane.

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Friday, 16 June 2017

ASIC industry funding model will increase transparency: AIST

AIST has welcomed the passage of laws to create an industry funding model for the Australian Securities and Investment Commission (ASIC).

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Wednesday, 7 June 2017

New poll shows Australians want super funds that serve members not shareholders

91% of Australians believe default superannuation funds should return all profits to members.

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Wednesday, 7 June 2017

Increasing pension age to 70 will hurt many older workers

AIST has urged the Government to consider the high levels of involuntary retirement before raising the Age Pension eligibility age to 70 years old.

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Thursday, 25 May 2017

Choice members of ‘for-profit’ funds remain in the dark about poor performance

Millions of Australians are being kept in the dark about the poor performance of their retail super funds.

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Tuesday, 9 May 2017

No place for long-term under-performers as default super funds: AIST

AIST has proposed that long-term under-performing default funds be replaced by better performing funds in its appearance before the Productivity Commission this week.

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Tuesday, 9 May 2017

Cautious welcome to housing affordability super measures in the Budget

AIST has given a cautious welcome to Budget superannuation measures designed to help first home buyers and downsizers.

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Friday, 5 May 2017

ISWG third discussion paper

The Insurance in Superannuation Working Group (ISWG) is calling for submissions on a third discussion paper that outlines options to improve member experience and understanding of insurance within ...

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Wednesday, 3 May 2017

Recommendations on unpaid super will improve retirement outcomes: AIST

AIST has welcomed Senate Committee recommendations on unpaid super to ensure all Australians are receiving their full superannuation entitlements.

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Friday, 21 April 2017

Labor’s housing affordability proposals a welcome step: AIST

AIST has welcomed new measures proposed by the Federal Labor Party to tackle housing affordability.

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Monday, 10 April 2017

Using super for housing will see young people worse off financially

Using super to help first-home buyers enter the housing market would drive prices higher and also lead to poorer retirement outcomes for young people, AIST warned today.

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Friday, 7 April 2017

ISWG second discussion paper

The Insurance in Superannuation Working Group (ISWG) today released the second in a series of discussion papers as a further step towards developing a Life Insurance Code of Practice for superannua...

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Wednesday, 29 March 2017

Productivity Commission fails to provide evidence that changing default fund system will benefit members

Proposed changes to the selection of default superannuation funds have the potential to put millions of working Australians at risk of poorer retirement outcomes, AIST said today.

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Friday, 24 March 2017

New verification portal

A new service provider portal that allows super funds to verify the identity and contact details of financial counsellors has been launched at the AIST Conference of Major Superannuation Funds today.

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Thursday, 23 March 2017

AIST announces 2017 Board

AIST has today announced its 2017 Board.

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Thursday, 23 March 2017

Declining home ownership rates - the growing threat to retirement incomes: AIST research

Australia’s declining home ownership rate has emerged as a significant threat to the adequacy of Australia’s retirement income system, according to a new report commissioned by AIST.

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Thursday, 23 March 2017

AIST appoints CEO

Eva Scheerlinck has been appointed as AIST’s new Chief Executive Officer, effective immediately.

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Wednesday, 22 March 2017

AIST announces Cate Wood as Trustee of the Year

AIST has today announced Cate Wood as the recipient of the AIST Trustee of the Year Award at the Conference of Major Superannuation Funds on the Gold Coast.

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Monday, 13 March 2017

Group insurance data collection guidance released to improve consumer outcomes

AIST, FSC, IFF and ISA have together released best practice guidance for Group Insurance Data.

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Thursday, 9 March 2017

Call for submissions on Insurance in Super Working Group discussion paper

The Insurance in Superannuation Working Group (ISWG) today released the first of a series of Read more

Tuesday, 7 March 2017

Barriers preventing women from a dignified retirement outcome must be removed: International Women’s Day

AIST & WIS are calling for the removal of the $450 monthly income threshold which results in many women missing out on compulsory Superannuation Guarantee (SG) payments.

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Wednesday, 1 March 2017

AIST Acting CEO announced

The AIST board today announced the appointment of Eva Scheerlinck as acting CEO.

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Friday, 17 February 2017

New guide for fees and costs disclosure form

AIST, ASFA and the FSC today released a Guidance Notice to help funds comply with ASIC updated fees and costs disclosure requirements.

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Thursday, 16 February 2017

New governance code keeps superannuation members’ interests first

AIST has developed a new governance code that reinforces the importance of member representation on the boards of superannuation funds and aims to keep profit-to-member funds positioned at the lead...

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Thursday, 16 February 2017

Joint AIST/ISA statement on Fraser Review

Former Reserve Bank Governor and Treasury Secretary, Bernie Fraser, has delivered his report into not-for-profit super fund governance.

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Thursday, 9 February 2017

Don't increase pension age

AIST has backed calls for the Government to formally rule out its proposal to lift the Age Pension eligibility age to 70.

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