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Literacy for Life
News, insights and resources as they unfold.
Stay up-to-date with the issues affecting super.
09 May 2023
The Federal 2023-24 Federal Budget has three announcements specifically in relation to superannuation.
02 May 2023
The Federal Government has announced that employers will be required to pay super on payday from 1 July 2026.
27 April 2023
APRA is providing a one-off extension to the reporting due date for the March 2023 quarterly returns originally due to submitted by COB Friday, 28 April 2023.
26 April 2023
The Choice Heatmap covers 163 products, representing $292 billion worth of members’ benefits at the end of June 2022 and nearly half of funds under management in the Choice accumulation sector.
04 April 2023
The Federal Government has today released its Summary of Issues paper arising from the Review of Your Future, Your Super (YFYS) Measures, along with exposure draft regulations to amend the annual superannuation performance test.
31 March 2023
A consultation paper has been released on better targeting superannuation tax concessions. This follows the government's announcement on 28 February 2023 that it would reduce the superannuation tax concessions available to individuals whose total superannuation balances exceed $3 million from 1 July 2025.
08 March 2023
The Federal Government has re-introduced the Financial Accountability Regime Bill (FAR) to Parliament. The key aspects of the FAR have remained unchanged under the New Bill.
28 February 2023
The Federal Government has announced proposed changes to the concessional tax rate on earnings for superannuation accounts with balances of more than $3 million to increase to 30%, from up to 15%, from 2025-26.
29 November 2022
Two Bills impacting superannuation passed the Senate on 28 November 2022.
14 November 2022
APRA has released a discussion paper on financial resources for risk events in superannuation. APRA proposes to replace the existing Prudential Standard SPS 114 Operational Risk Financial Requirement (SPS 114) with enhanced obligations for trustees.