AUSTRALIA - Small business owners are at risk of a jail sentence for inadvertently advising employees about superannuation if changes are not made to the government's new superannuation choice laws, the Opposition argues.
Tony Burke (pictured), shadow small business minister, has called for an exemption for small business from the legislation, under which business owners face a AUS$22,000 fine and two years’ jail if...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
