The Australian Taxation Office’s (ATO’s) efforts to get on top of the Government’s new ‘simpler super’ regime has drawn flack from a key trade union representing public servants.
The Community and Public Service Union said it is in dispute with the ATO over the classification of staff recruited to work within the new Super Simplification area.
In a newsletter to members, the union said that in early February the ATO had recruited staff to Super Simplification to work on outbound calls in the Lost (super) Members Register, but “since this time, not only have the ATO arbitrarily imposed rosters on staff, but members report that the frequency of rostering has increased from once a fortnight to up to four times in a single week”.
It claims this falls outside the agency agreement covering ATO employment, which does not allow for “hybrid arrangements”.
The union said it had notified the existence of a dispute challenging the ability of the ATO to even roster these staff in the first place.
It said it would be escalating the dispute if the issues were not resolved.
The Financial Services Minister says the amendments to the SIS Act within the first QAR bill will “clarify the law to affirm the status quo”.
Superannuation funds have thrown their support behind the QAR reforms but want a “clear statement” that they will not be required to check all member SOAs.
In its latest report, the corporate regulator says the deduction of advice fees has led to instances of “inappropriate erosion of members’ balances”.
Financial advice is having a significant impact on how Australians are engaging with the more complex aspects of their superannuation, new findings have shown.
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