Monday, 23 September 2024 10:51
10 YEARS OF BLACKTOWN BUSINESS CHAMBER
Celebrating proud legacy of success
STEPHEN BALI
THE Greater Blacktown Business Chamber (GBBC) is celebrating their tenth anniversary of being the peak business body representing the views and needs of local business community.
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Sunday, 08 September 2024 18:51
OUR UNPAID SUPER BILL TOPS $5B
A NEW report reveals that Australia's unpaid superannuation issue, costing $5B annually, is worsening, depriving millions of workers of crucial retirement savings. The Super Members Council (SMC) urges urgent legislative reform to mandate super payments on payday and strengthen ATO compliance. With $41.6B in unpaid super over nine years, vulnerable groups like women and young workers are most affected. The government has pledged reforms by 2026, but swift action is needed to ensure timely and full super payments.
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Sunday, 08 September 2024 18:49
MANY ARE PLANNING RETIRMEMENT EARLIER
A HESTA survey reveals that 49% of Australians aged 18-39 have taken action to plan for retirement, driven by cost-of-living pressures over the past year. This includes salary sacrificing and using online tools to track superannuation. In comparison, 44% of those aged 40-54 and 29% of those 55-plus have taken similar steps. The survey highlights growing awareness among younger Australians about the importance of superannuation for long-term financial security, with running out of money being their top retirement concern.
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