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The Federal Government has targeted employer misuse of salary-sacrifice contributions to employees’ superannuation accounts as an area for reform. The Turnbull Government has accepted a recommendation of the Superannuation Guarantee Cross Agency Working Group to close a loophole that enables employers to use money contributed by employees in salary-sacrifice arrangements to meet or reduce their […]

The Australian Taxation Office (ATO) has its sights set on employers who fail to pay Superannuation Guarantee on time. According to the ATO, 7 – 8 % of employers fail to pay on time or don’t pay the required amount of their employee’s superannuation contributions. To address the issue, from 1 July 2018 the ATO […]

Payroll processes are set to change for Australian business in coming years with the phased introduction of Single Touch Payroll (STP). Driven by the Australian Taxation Office, STP aims to deliver real-time data collection of payroll data, namely tax and superannuation information, to improve compliance and transparency in the payroll process. Announced earlier this year, […]

Retirement planning and superannuation in Australia dates back to the early 1900s. As is the case today, initial schemes were established to provide for people in retirement. Fast forward a century and the complexity of superannuation has spawned a whole new industry dedicated to growing and protecting savings wealth for use in later life, or […]

First Super is pleased to congratulate Bianca Hodgson-Carney from Victoria on winning the First Super Beneficiaries competition, attaining herself the prize of a $2,500 Flight Centre voucher.

First Super was announced as one of the best performing super funds in a new report issued by Stockspot and launched on The Today Show.

First Super has appointed Djab Wurrung Elder and Indigenous leader Tim Chatfield as an independent director on its Board. Mr Chatfield’s appointment was effective from 22 September 2017. Mr Chatfield is currently the CEO of a successful Aboriginal controlled health clinic with a unique model, serving indigenous and non-indigenous people in regional Victoria.  He was […]

First Super has appointed Scott McDine as an employee representative on its Board. Mr McDine’s appointment was effective from 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 […]