Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 38 results for lisc

IPA joins calls for LISC reintroduction

MARK SMITH  |  WEDNESDAY, 9 APR 2014
... Institute of Public Accountants (IPA) is urging the Government to reintroduce the Low Income Superannuation Contributions (LISC) to ensure that low income earners are not disadvantaged. As a result of recent taxation changes those earning less than the ...

SPAA urges concessional cap rethink

MARK SMITH  |  FRIDAY, 14 FEB 2014
... well as expressing its strong opposition to the government's decision to abolish the Low Income Superannuation Contribution (LISC). "In our opinion the current general concessional contribution cap level of $25,000 and $35,000 for older Australians is ...

Inquiry recommends MRRT and LISC be scrapped

MARK SMITH  |  TUESDAY, 3 DEC 2013
The low income superannuation contribution (LISC) looks set to be scrapped following the Senate Economics Legislation Committee's recommendation that the Minerals Resource Rent Tax (MRRT) and Other Measures Bill 2013 be passed. In its report to the ...

Government to discuss alternative funding for LISC

MARK SMITH  |  THURSDAY, 28 NOV 2013
... it may be open to finding other sources of funding to prevent the scrapping of the low income superannuation contribution (LISC). Industry bodies including Industry Super Australia (ISA), the Association of Superannuation Funds of Australia (ASFA), the ...

Industry bodies call for Government LISC U-turn

MARK SMITH  |  MONDAY, 25 NOV 2013
Industry bodies have called on the Government to reconsider its repeal of the low income superannuation contribution (LISC) in their submissions on the Minerals Resource Rent Tax (MRRT) Repeal and Other Measures Bill 2013. The LISC compensates individuals ...

Parliament to address large financial services agenda

LAURA MILLAN  |  TUESDAY, 12 NOV 2013
... Resources Rent Tax Repeal and Other Measures Bill 2013, which plans to repeal Labor's low income superannuation contribution (LISC). The legislation that increased compulsory super guarantee contributions from 9.25% to 12% will be delayed. Under the ...

Industry leaders urge Abbott to keep super rebate

MARK SMITH  |  TUESDAY, 12 NOV 2013
... trustees and senior industry executives have urged the government to go ahead with the low-income superannuation contribution (LISC) in an open letter to the Prime Minister. Signatories include well-known super fund bosses such as HOSTPLUS's David Elia ...

Nearly 50% of woman to suffer under LISC dumping

JAMES FERNYHOUGH  |  THURSDAY, 7 NOV 2013
Industry Super Australia (ISA) has ramped up its campaign to save the low income superannuation concession (LISC), saying scrapping Labor's plan will hurt almost one in two Australian women. The industry body also claimed that the repeal of the LISC ...

ISA and FSC at odds over super tax changes

JAMES FERNYHOUGH  |  WEDNESDAY, 6 NOV 2013
... changes to superannuation." But ISA said the decision to scrap this tax along with the Low Income-earners Super Contribution (LISC) unfairly targets Australia's lowest earners. "Constant change and a perception of inequitable outcomes will only damage ...

Govt confirms SG delay, kills LICS

MARK SMITH  |  FRIDAY, 25 OCT 2013
... Repeal and Other Measures Bill 2013, the Government also commits to repealing the low income superannuation contribution (LISC), which amounts to an annual $500 boost to superannuation for those earning less than $37,000 a year. The Financial Services ...