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Showing 31 - 38 of 38 results for lisc

Industry backs Cormann as Superannuation Minister

LAURA MILLAN  |  MONDAY, 9 SEP 2013
... returns for members." He criticised the Coalition's stated intention to scrap the low income superannuation contribution (LISC) scheme, a Labor initiative which contributes $500 a year in superannuation to those who earn less than $37,000 a year. "We ...

Coalition urged to rethink super slash costings

JAMES FERNYHOUGH  |  THURSDAY, 29 AUG 2013
The Coalition has been urged to reconsider its decision to scrap the low income superannuation contribution (LISC) scheme and delay the increase of the super guarantee (SG), which it announced in its costings yesterday. In a joint statement, Women in ...

Shorten maps out government super legacy

ALEX DUNNIN  |  TUESDAY, 18 JUN 2013
... increasing superannuation guarantee (SG) from 9% to 12%, the introduction of the Low Income Superannuation Contribution (LISC) scheme, lifting the contribution cap, removing the upper age limit for contributions, Australia-NZ superannuation portability ...

Coalition super plan to harm retirees, low income earners

ALICE URIBE  |  FRIDAY, 17 MAY 2013
... disappointed that Abbott had confirmed the Coalition's intention to scrap the Government's Low Income Superannuation Contribution (LISC) Scheme. This scheme - which came into effect on 1 July last year - provides a super rebate of up to $500 for individuals ...

Abbott super cut to affect low income Australians: Shorten

LAURA MILLAN  |  MONDAY, 22 APR 2013
... denied up to $500 each year under opposition leader Tony Abbott's plan to cut the Low Income Superannuation Contribution (LISC), minister for Financial Services and Superannuation Bill Shorten said. According to figures Shorten released today, shop assistants ...

Politics around LISC heats up

ALEX DUNNIN  |  MONDAY, 17 SEP 2012
... disproportionate effects that would be felt by low income earners if they lost the Low Income Superannuation Contribution (LISC) were raised by the Australia Institute when they responded to media reports that the Coalition was considering reining in ...

Shorten defends low-income super contribution

MELANIE TIMBRELL  |  FRIDAY, 14 SEP 2012
... win the next election. In a statement released early this morning, Minister Shorten said the low-income super contribution (LISC), which commenced on 1 July 2012, will build the wealth of some 3.6 million of the lowest paid workers by almost $1 billion ...

Government confirms super guarantee age limit abolished

CLAIRE MCGREAL  |  TUESDAY, 29 NOV 2011
... superannuation measures as part of its mid-year economic and fiscal outlook. The low income superannuation contribution (LISC), which will see people earning up to $37,000 pay effectively no tax, will also be streamlined, so low income workers won't ...
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