text size

Latest News

First Super has appointed Scott McDine as an employee representative on its Board. Mr McDine’s appointment was effective on 1 September. He replaces outgoing Director, Dave Kirner, as an employee representative. Mr McDine is a former director of Australian Super, Cbus, a former executive member of the ACTU, and former National Secretary of the Australian […]

Employers are reminded a contribution does not become a contribution until it is actually received by a superannuation fund. This confirms the ATO’s view that contributions made by electronic funds transfers occur when the amount is received by the superannuation provider or credited to the relevant account. The fact that money has left an employer’s […]

Employers can rest assured there’s no need to update the rate of superannuation contributions this year. The Superannuation Guarantee (SG) remains at 9.5 per cent. The SG rate will remain on hold until July 2021 when it rises to 10 per cent and then increases by 0.5 per cent each financial year until it reaches […]

Andrew Jewell, First Super’s Financial Advice & Education Manager explains the changes to the Concessional Contributions Cap and what it means to your Super. Recently, some members have been asking me what impact the reduction in the Concessional Contribution cap will have on their salary sacrifice contributions. There is a wider implication especially where the […]

Industry Super Fund First Super has appointed Janet Gilbert as a Director, making it the Fund’s fifth female member of the 12-member Board. Ms Gilbert replaces Martin Lewis as an employer representative. First Super’s Board is comprised of an equal number of employer and employee representatives, and two independent representatives. Ms Gilbert is a legal […]

          TCA’s most important 2016 initiative got off to a great start on 1st June in wintery Canberra. It’s an intensive development program to encourage and equip the under 35’s to more confidentially take a lead and communicate about the forest and wood products sector in their own regions. TCA appreciates […]

First Super – the Industry SuperFund for the timber, pulp, paper and furniture industry – has appointed Lisa Marty as Co-Chair. Ms Marty is the fund’s first female Co-Chair and is also believed to be the youngest woman to Chair or Co-Chair a super fund, at age 37. She is a former CEO of the […]

BREXIT update from Frontier Advisor, KC Low On Thursday 23rd June the UK conducted a referendum to decide whether to remain or leave the European Union (EU). By a margin of 52% to 48%, and with the highest turnout in a UK-wide vote since the 1992 UK election, the UK decided to leave the European […]