Industry Super Australia (ISA) manages the well-known Industry SuperFunds Joint Marketing Campaign on behalf of its participating Industry SuperFunds.
Australia
Joined April 2010
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Treasurer Jim Chalmers has handed down the Albanese Government’s second budget and confirmed payday super will apply from 1 July 2026. This welcome move will drastically curb the $5 billion unpaid super scourge and put as much as $50,000 back into workers' super accounts
GREAT NEWS out of Canberra this morning.
Payday super will see millions of Australians up to $50k better-off at retirement, and curb the scourge of unpaid super.
Read more from @NassimKhadem below:
abc.net.au/news/2023-04-24/d…
Research shows huge amounts of money withdrawn from super during COVID was spent on fast food, furniture, and gambling – leaving everyone worse-off.
@BernieDeanISA explains why this scheme is like an economic long COVID from which all Australians will suffer for decades 👇👇👇
Super is there for retirement; not fish & chips, a flutter, or furniture!
Research out today shows much of the $38 billion in retirement savings accessed through the Covid early release scheme was spent on discretionary items like these; costing Aussies thousands in retirement
It’s time to legislate an objective of super which enshrines the principle of preservation – ensuring every Australian is given the best shot at a dignified life in retirement!
Read more below: smh.com.au/politics/federal/…
Yesterday, ISA was delighted to launch the third report in our super in the economy series, entitled “The Investment Opportunity in Private Markets”.
Affordable housing 🏠: Create schemes to provide an attractive return to private capital; simplify and standardise government processes and systems at all levels to support investment
Private markets 📈: Review YFYS benchmarks; review the treatment of fees as defined by RG97
Treasurer Chalmers announced a landmark housing accord in last night's #Budget2022.
Read more here: industrysuper.com/assets/Fil…
ISA also welcomes:
✔️Preservation of 12% Super Guarantee
✔️Longer and more flexible parental leave
✔️ Super downsizer eligibility expanded to 55+
Our pre-budget submission calls on federal mps to:
👉 Fix unpaid super
👉 Tackle inequity to improve the retirement outcomes
👉 Improve Your Future Your Super reforms
👉 Protect the fundamentals of the super system
Read more here: theaustralian.com.au/busines…
Excellent question @SpiritSuperAu!!!
Click below to find out more about what it means to belong to an Industry SuperFund, and why our members enjoy that #winningspirit in their retirement 👇💪
By investing in the best financial interests of members, industry funds strengthen the Australian economy, support businesses, and create jobs. Find out how in ISA’s latest report: industrysuper.com/assets/Fil…
