Download or read book The Politics of Retirement Savings Taxation written by Lisa Marriott and published by CCH Australia Limited. This book was released on 2010 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses one of the most important social and economic issues in modern welfare states: public policy for retirement savings. It explores the events, environment and personalities that combined to form the current policy arrangements in Australia and New Zealand.

Download or read book Management and Regulation of Pension Schemes written by Nicholas Morris and published by Routledge. This book was released on 2018-03-19 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Perhaps the greatest long-term challenge facing modern economies is how to pay for the living expenses and care costs of the elderly. Following policy decisions made in Australia in the 1990s, a substantial part of the pension requirements of the next cohort of retirees will be met from savings accumulated during working years. The effective management of these savings is crucial. If they are invested wisely, the assets available to fund pensions and care will grow; if not, available funds may turn out to be insufficient. Unfortunately, there is considerable evidence worldwide that the management of funds attracts rent-seeking behaviour by the financial services industry which erodes much of the potential return. Australia introduced compulsory superannuation contributions for its working population in 1991, leading to a proliferation of funded schemes that are largely run by the private sector. Complexity, and many degrees of separation between fund members and those who manage their funds, have emerged as serious problems. Combined with weak competitive pressures and governance systems, and insufficient legal and regulatory constraints, the result is a system that does not serve its members well. This book provides a detailed evaluation of the Australian experience, highlights the extent to which the financial services industry has extracted rents from Australian pensioners, and how and why this occurred. Based on original empirical research, and examination of industry reviews and relevant literature, the book demonstrates the numerous principal–agent, conflict of interest and rent extraction problems that have emerged in Australia. The book makes suggestions for how these problems can be addressed in Australia, and also provides lessons for other countries wishing to enact pension reform.

Download or read book Workers Capital written by Bernard Mees and published by Routledge. This book was released on 2020-07-16 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Superannuation was once a privilege granted only to company head office staff and career public servants. Now in Australia nearly all workers have access to employer-contributed superannuation, and it is a fundamental pillar of Australia's retirement income system. Workers' Capital tells the story of the Australian superannuation revolution led by trade unions in the 1980s. After a series of hard-fought industrial campaigns, an enormous financial industry was created, involving hundreds of thousands of employers and covering millions of fund members. From having one of the worst retirement savings systems in the developed world, in three decades Australia had one of the best. Now the funds held in Australian superannuation accounts exceed the entire market capitalisation of all the companies on the Australian Stock Exchange. Drawing on interviews with the key players and extensive archival research, Workers' Capital is the first systematic history of the unique Australian system of industry superannuation. 'Startling and informative-I thought I knew a lot about the industry superannuation phenomenon, but this one took me by surprise. For a topic so important, a real page-turner.'Gerard Noonan, Chair of Media Super, former editor of Australian Financial Review

Download or read book Annual Catalogue of Commonwealth Publications written by and published by . This book was released on 1981 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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Download or read book Income Support for the Retired and the Aged written by Australia. Parliament. Senate. Standing Committee on Community Affairs and published by . This book was released on 1988 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Commonwealth Record written by Australia and published by . This book was released on 1986 with total page 788 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Report of the Third National Conference on AIDS written by Roger Allnut and published by Australian Government Publishing Service. This book was released on 1988 with total page 856 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Government Support of Retirement Incomes in Australia written by Owen D. Donald and published by . This book was released on 1984 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Annual Report written by Victoria. Department of Labour and Industry and published by . This book was released on 1978 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Final Report of the Commonwealth Task Force on Occupational Superannuation January 1983 written by Commonwealth Task Force on Occupational Superannuation (Australia) and published by . This book was released on 1983 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book OECD Working Papers written by and published by . This book was released on 1997 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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Download or read book Parliamentary Debates House of Representatives Weekly Hansard written by Australia. Parliament. House of Representatives and published by . This book was released on 1985 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Index to the Papers Presented to Parliament proof Issue Only written by Australia. Parliament and published by . This book was released on 1983 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Finance of Old Age written by Ronald Mendelsohn and published by . This book was released on 1986 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Monthly Catalogue of Publications Placed on Sale written by Australian Government Publishing Service and published by . This book was released on 1983 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: