AustralianSuper’s plans to give data to The New Daily on hold
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Industry super fund AustralianSuper has delayed plans to sign up members to online news website,
The New Daily, on an opt-out basis, as it waits on advice from the information commissioner.
The Australian Prudential Regulation Authority and the Australian Information Commissioner are investigating the way in which data is shared between
The New Daily and shareholder AustralianSuper.
AustralianSuper CEO Ian Silk said all plans to sign up members to The New Daily were on hold.
Super s exceptionalism is a systematic failure afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
New year, new super changes
New year, new super changes
As a host of changes to super kicked off at the start of the new financial year, industry and government squared off around who the new reforms might benefit.
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As of 1 July the super guarantee rises to 10 per cent of workers’ base salary, with industry fund advocacy group Industry Super Australia touting its benefits for younger employees in particular.
“In total Australians will get an extra $1.5 billion paid in super in the next 12 months,” the group said.
“Half of the extra super payments – about $784 million will go to those under 40 – and more people in their 20s will get a super boost than any other age bracket. The extra contributions will help young workers recoup the savings they lost after they were encouraged to raid their super to support themselves through the coronavirus downturn.”
New year, new super changes smsfadviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smsfadviser.com Daily Mail and Mail on Sunday newspapers.