On Tuesday night, 8 May, Treasurer Wayne Swan announced the Labor Government Budget for the 2012-13 financial year.
Legislation has passed through Federal Parliament to increase the Superannuation Guarantee (SG) from nine to 12 per cent.
There were several announcements that affect superannuation in the mid-year economic budget update (29 Nov 2011).
The good news is the so-called ‘no doc’ delivery of the superannuation rebate for low-income earners.
Need early access to your super on compassionate grounds? From 1 November 2011, new procedures are in effect to make the road to receiving super before retirement quicker and easier for those experiencing undue hardship. Read on to learn how.
Coverage of the collapse of one of the world’s largest broking houses (triggering margin calls on thousands of CFDs held by Australians) has once again put this product under the spotlight.