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The Latest Breaking News from Bernie Dean

Budget measures that will help low-income workers and hit big superannuation funds

Treasurer Jim Chalmers' second budget contained only two significant superannuation measures but both have important effects.

The New Daily

Deliberately not paying superannuation is 'wage theft' and the government is cracking down on it

Employers who deliberately don't pay their workers their full wages and superannuation on time could face tougher penalties under a federal government crackdown, with the possibility businesses will be made to make super payments more frequently.

ABC News

Super for gig workers would deliver big retirement gains

Extending super to gig workers currently not covered by it would boost their retirement balances by an average of $29,000.

The New Daily

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Victorians miss out on $1 billion in superannuation

One in four Victorians are underpaid super and it's costing them $1 billion a year, analysis from Industry Super Australia shows.

The New Daily

The four principles that redefine the true purpose of superannuation

If you asked 10 people on the street what super is for, they’d all likely say “money for your retirement”.

The New Daily

Proposed rules on financial advice could erode consumer protections, experts say

Consumer groups have called Treasury's new financial Quality of Advice Review a "recipe for another [banking] royal commission."

The New Daily

Employers underpaid superannuation by a whopping $33 billion in recent years

Rogue employers are underpaying 2.8 million Australians' superannuation payments and the ATO is only recovering 15 per cent of that total

The New Daily

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Hunter's $139m super shortfall: Are you getting what you're owed?

Younger and low-paid workers are considered most vulnerable to underpayment

Newcastle Herald

Super for nest eggs not 'pet projects'

Labor wants super used to bolster housing supply and support the clean energy transition, but the opposition wants retirement savings to come first.

AAP

Don’t panic: How to protect your super from global instability

Rising inflation and plunging share market values could leave you worried about your super, but experts say there is no need to panic.

The New Daily

Coalition plan allowing first homebuyers to use super could shrink all workers’ retirement savings, industry analysis finds

Industry Super Australia finds returns to members would decrease as funds would have to keep more cash on hand, reducing amount that can be invested

The Guardian - AU

Why few dads will take up the federal budget paid parental leave offer to be primary carer

The federal government's budget change falls short of calls for 26 weeks' paid parental leave with a "clear, use-it-or-lose-it" component to encourage more take-up by fathers, writes Nassim Khadem.

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