News

‘We need to do better’: Business leaders and economists say the $3.4 billion ‘women’s budget’ wasn’t nearly enough

The 2021-2022 Federal Budget will do little to assist financially vulnerable older women, according to Aware Super CEO Deanne Stewart. Speaking at Thursday’s Ms(ed) Opportunity panel, Stewart said the $3.4 billion Women’s Budget Statement did little to assist single women approaching retirement. The panel echoed other women’s advocates, saying the […]
‘We need to do better’: Business leaders and economists say the $3.4 billion ‘women’s budget’ wasn’t nearly enough
News

The Women’s Budget Statement promises $3.4 billion to address inequality. Women’s advocates see a ‘really significant missed opportunity’.

Gender equality advocates have welcomed the $3.4 billion in Federal Budget funding for women’s economic and personal security, but say the measures should go further. The Women’s Budget Statement promises to expand childcare subsidies, superannuation, and housing guarantees, with the goal of increasing government support for Australian women. But at […]
The Women’s Budget Statement promises $3.4 billion to address inequality. Women’s advocates see a ‘really significant missed opportunity’.
News

A growing number of Australians are using their super to trade cryptocurrency. Some say the risky strategy has paid off in a big way.

Cryptocurrency exchanges are seeing a flood of signups for their SMSF products, as Australians look to invest their retirement savings into digital assets. BTC Markets has revealed that the platform had seen SMSF applicants increase fivefold and that Australians were actively trading tokens within their funds. Business Insider Australia spoke […]
A growing number of Australians are using their super to trade cryptocurrency. Some say the risky strategy has paid off in a big way.
News

‘We’re worried about the outcomes’: Domestic violence advocacy groups express concern over the government’s superannuation access scheme

A new initiative by the Australian government allows women fleeing domestic violence to access up to $10,000 from their superannuation accounts. Domestic violence advocacy groups fear the ‘last resort lifeline’ will only serve to deepen hardships for women in retirement. An exposure draft will be released soon, with opportunity for […]
‘We’re worried about the outcomes’: Domestic violence advocacy groups express concern over the government’s superannuation access scheme
News

A newly-released government review makes the case for scrapping the compulsory super increase and focusing on home ownership instead

A long-awaited review into Australia’s retirement system has been released on Friday. Excerpts appear to lay the groundwork for the government to dismiss raising compulsory super to 12%, currently scheduled for 2025. While not making recommendations, its findings appear to place a greater onus on home ownership, which aligns with […]
A newly-released government review makes the case for scrapping the compulsory super increase and focusing on home ownership instead
Makes Cents

‘A genuine misunderstanding’: The ATO suspects as many as 316,000 early super withdrawals shouldn’t have been approved – but it hasn’t issued any penalties

Up to 7% of all early super withdrawals were ineligible, the Australian Taxation Office (ATO) has revealed to Business Insider Australia, but acknowledged it has so far handed out zero fines. The scheme’s chief administrator made the admission as it continues to review the millions of Australians who withdrew up […]
‘A genuine misunderstanding’: The ATO suspects as many as 316,000 early super withdrawals shouldn’t have been approved – but it hasn’t issued any penalties