Media releases

  • Productivity Commission confirms industry super and not for profit sector outperformance

    Posted: Tuesday 29 May, 2018

    Industry Super Australia welcomes the central findings of the Productivity Commission review into superannuation, that industry super funds and other not for profit funds are the best performing sector.

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  • $1.6bn opportunity to fix unpaid super and gender super gap goes begging

    Posted: Wednesday 09 May, 2018

    The 2018 Budget has missed the opportunity to tackle unpaid superannuation and close the gender super gap by failing to re-invest over $1.6bn in windfall budget savings raised from ‘protecting’ small super balances and paring back a super tax break that only started this year.

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  • Statement in response to 'The funds that are not so super'

    Posted: Tuesday 24 April, 2018

    A representative of Westpac subsidiary, BT Financial, published an opinion in the Australian Financial Review on 12 April 2018 concerning industry super funds. This statement corrects the record.

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  • David Whiteley to leave Industry Super Australia

    Posted: Friday 13 April, 2018

    Industry Super Australia (ISA) Chair Hon. Peter Collins AM QC today announced that ISA Chief Executive David Whiteley would leave the organisation he has led for the last 12 years, in order to take up a new global position with IFM Investors. Mr. Collins said that David Whiteley had turned ISA into the most effective advocate in financial services in the country. “Under David’s stewardship, ISA ha...

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  • Updated “Compare the Pair” campaign hands more power to consumers

    Posted: Wednesday 21 March, 2018

    After more than a decade boosting consumer awareness about what to look for when choosing a super fund, the “Compare the Pair” campaign has been updated. The “Compare the Pair” model - commissioned by Industry Super Australia and prepared by ratings, research and consultancy company SuperRatings - has been expanded to include three, ten and fifteen year outcomes, allowing consumers to make compari...

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  • Dividend imputation changes sensible but savings should be reinvested to modernise super

    Posted: Tuesday 13 March, 2018

    The proposal announced by the Australian Labor Party to stop refunding imputation credits even where no tax has been paid by an investor will have little or no impact on the super of most Australians and the savings could modernise the super system if re-invested. Industry Super Australia (ISA) chief executive, David Whiteley, said the proposal is sensible and could significantly improve the fairn...

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  • Closing the gender pay gap won’t close the super gap, new analysis of ABS data reveals

    Posted: Friday 09 March, 2018

    Even if we close the gender pay gap, workforce spells and lost compound returns will see women continuing to retire with much less super than men, a new analysis of official data reveals. In a first of its kind, Industry Super Australia special adviser and former Treasury retirement modelling head, Phil Gallagher, uses the latest ABS data to plot both pay and superannuation gaps by age and salary....

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  • Updated: DIY super falls seriously short for balances under $2 million, new analysis reveals

    Posted: Monday 26 February, 2018

    UPDATED 16/03/18 – 26 February 2018 Unless it contains multi-million dollar assets, a self-managed super fund (SMSF) may prove a mistake for the average consumer, reveals an analysis of new tax office data. The Industry Super Australia paper, ATO self-managed super funds: a statistical overview 2015-2016, has found that for that financial year while do-it-yourself funds with assets over $2 million...

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  • Industry super funds run rings around banks – new data

    Posted: Wednesday 21 February, 2018

    Not-for-profit industry super funds continue on average to outpace their bank-owned competitors, the latest independent ratings agency data shows. According to the monthly SuperRatings SR50 Balanced Index data, industry super funds have on average outperformed bank-owned retail funds by 3.29 per cent over one year, and 3.49 per cent over three. Across the five, seven and ten year periods the perfo...

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  • Millions could benefit from new unpaid super laws but payment holiday remains

    Posted: Wednesday 24 January, 2018

    Draft legislation released today could help more than three million Australians short-changed on their superannuation but key measures to properly tackle the problem are missing, says Industry Super Australia. The Treasury Laws Amendment (Taxation and Superannuation Guarantee Integrity Measures) Bill 2018 - which contains measures to clamp down on employers who dodge paying their workers’ superann...

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