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The superannuation guarantee was introduced by the Hawke government to promote self-funded retirement savings, reducing reliance on a publicly funded pension system. [2] Legislation to support the introduction of the superannuation guarantee was passed by the Keating Government in 1992.
As a consultant, FitzGerald was the architect of the compulsory superannuation scheme introduced by the Keating government in 1992. [8] Superannuation was later refined in response to FitzGerald's June 1993 publication National Savings: A Report to the Treasurer in which he identified the importance of national saving, and recommended ways in ...
The Superannuation Complaints Tribunal was established under the Superannuation (Resolution of Complaints) Act in 1993. It was established at the same time as a new prudential and disclosure framework was put in place under the Superannuation Industry (Supervision) Act 1993, protecting employees compulsory superannuation contributions (introduced in 1992).
The compulsory employer contributions were branded "Superannuation Guarantee" (SG) contributions. [27] As a result of this policy, along with the gradual increases in the minimum contribution amount, Australia grew to become the fourth largest holder of pension fund assets in the world, with a balance of nearly AU$3 trillion in superannuation ...
Superannuation in Australia – Private, and compulsory, individual retirement contribution system. Social Security – Public pensions Austria – Pensions in Austria
Douglas was an early and enthusiastic promoter of the government's plans for a compulsory contributory superannuation scheme that would supplement the old age pension. In 1972, while still in opposition, he introduced a private member's bill that provided for a form of compulsory superannuation.
It is the largest private sector superannuation fund in PNG. [1] In 2016, NASFUND reported net assets of PGK4.22 billion, representing a 28% growth on 2015. [2] Compulsory superannuation contributions in PNG were introduced in 1982.
The compulsory employer contributions were branded "Superannuation Guarantee" (SG) contributions. [78] As a result of this policy, along with the gradual increases in the minimum contribution amount, Australia grew to become the fourth largest holder of pension fund assets in the world, with a balance of AU$3.3 trillion in superannuation assets ...