12 Nov 2008
Make sure your super contributions are allocated to the right account by providing the relevant information to HESTA.
22 Oct 2008
Recently, the ATO updated its definitions of what kinds of work constitute ordinary time earnings, or OTE.
18 Sep 2008
After much recent share market volatility, HESTA’s Core Pool (where 90% of members have investments) has posted a return of -5.4%, its only negative annual return in the Fund’s 21-year history. The return still places HESTA in the top third of super funds across Australia.
19 Aug 2008
Employers must provide an employee’s TFN to their super fund when they have filled out a TFN declaration form for work purposes.
18 Jul 2008
Samantha Gibson from St John of God Hospital, Subiaco WA was named Australian Nurse of the Year. Professor Claire Rickard from Griffith University in Queensland took out the Innovation in Nursing Award and Melbourne’s Kelly Leiper won Graduate Nurse of the Year.
20 Jun 2008
HESTA members are encouraged to give their super a free top-up through the Federal Government’s co-contribution scheme. If a member quali. es, the Government provides a co-contribution of up to $1.50 for each $1 of after-tax contributions.
16 May 2008
Many Australians don’t have enough disability, death or income protection insurance. It’s not a cheery subject but insurance can lessen the hardship on a member’s family if the employee dies or suddenly loses their income.
Insurance through HESTA covers members for injury, illness or death anywhere, anytime – not just while they’re at work.
21 Apr 2008
If employees are eligible for choice and do not exercise it or fail to provide all the information that the employer needs to pay contributions to their chosen fund, then the employer must pay SG contributions to an employer nominated fund (also known as the default fund) even if the employee is currently a member of another fund.
17 Mar 2008
HESTA is supportive of the efforts of payroll companies trying to improve the application of contributions to member accounts and reducing the amount that has to be returned to employers.
18 Feb 2008
Employers who make a late Superannuation Guarantee (SG) payment can avoid having to pay the same amount twice.
20 Dec 2007
This New Year, why not make your resolution to boost your super through the Federal Government’s co-contribution scheme.
12 Nov 2007
HESTA is still actively trying to collect as many member’s TFNs as possible so members avoid paying extra tax.
12 Oct 2007
HESTA’s September 2007 Member Magazine features stories on the introduction of our new retirement and transition to retirement income stream products, changes to super legislation and a wrap up of the HESTA Australian Nursing Awards.
20 Aug 2007
With the Better Super legislation now in place, employers must pass on employee’s TFN to their super fund once they have filled out a TFN declaration form.
20 Jul 2007
HESTA members are encouraged to boost their super through the Federal Government’s co-contribution scheme.
22 Jun 2007
For new accounts opened after 1 July 2007, unless funds hold a member’s TFN, employer contributions (eg Award, Superannuation Guarantee or Salary Sacrifice) will be taxed at 46.5% (top marginal tax rate plus the Medicare Levy).