PSI Asia Pacific - Utilities - Electricity - Water & Local Government Network Bulletin Blog - The below items are published as an internal PSI Bulletin monthly or you can follow by each post by e-mail.
Thursday, 10 November 2011
Around 8.4 million Australians will have their superannuation savings boosted
http://ministers.treasury.gov.au/DisplayDocs.aspx?doc=pressreleases/2011/146.htm&pageID=003&min=brs&Year=&DocType= In
the biggest change to superannuation in 20 years, around 8.4 million
Australians will have their superannuation savings boosted as a result
of the superannuation guarantee rate legislation introduced into the
Parliament on the 2nd November .The Superannuation Guarantee
(Administration) Amendment Bill 2011 increases the superannuation
guarantee (SG) rate from nine per cent to 12 per cent. Also includes no
age limit on contributions - media advice Minister Shorten MP, Assistant Treasurer.
