Superannuation in Australia

The superannuation is one of the retirement policies in Australia. It had a connection between the age pension and the voluntary personal saving, because these three pillars established an Australian retirement income system (Borowski 2009, p.364). This paper will focus on the superannuation policy. The content below will show the history and major changes of superannuation development. The first occupational superannuation scheme began in 1860 in the public sector. At that time, only the most senior workers were able to participate in this superannuation (Patricia Harris 2001, p. 4). Most of the participating employees were permanent, high means and white-collar employees; however, blue-collar employees and most of the women were excluded. In addition,…

The issues involving wills can be quite complex. However, they can also involve issues related to superannuation & disability claims. Wat’s it all about? In fact, many Australians aren’t aware that the superannuation death benefits aren’t actually part of their estate. As a result they’re not applicable to the clauses contained in their wills. Both superannuation and disability claims are important legal matters as they’re related to your long-term financial stability. When you retire it’s…

general when compared to the world economy. In 2012, Australia had encountered more than 20 years of perpetual fiscal growth which averaging 3.5% a year. The increase demand for resources both fossil, mineral and energy from Asia especially China has grown quickly, making a path for resource speculations and development in commodity trades. Despite the fact that the high conversion scale of the Australian dollar when contrasted with the US dollar has harmed the manufacturing industry but the…

Australia: A Future Superpower The smallest continent halfway across the world from its political allies is setting its place in the world. Through its strong economy and military position Australia is an ever growing superpower. Australia 's diverse environment provides a wide variety of resources that protect them from foreign dependence. The 6th largest country in the world has an economic growth of 3% annually. Australia is a primary member of the leading military alliance on the…

Developed by the Australian Curriculum, Assessment and Reporting Authority, the Australian Curriculum provides Australian students with a world-class education comprising of the knowledge, understanding and skills necessary for life and work in the twenty-first-century. The primary goal of the Australian Curriculum is to foster students’ confidence and creativity, strengthening their love of learning and development into active and informed citizens (Australian Curriculum, Assessment and…

disadvantaged peoples in Australia; so how much of society’s attitudes have really changed? The treatment of the ATSI people is a part of what has shaped contemporary Australia today, our behaviour and actions towards Aboriginal…

From the first English arrivals in Australia, the Aboriginal people have lived in the shadow in their own country, with many issues that have not been resolved yet. Noel Pearson is one of the country´s most respected Aboriginal leaders and impressive intellects and powerful orators in Australia. He is a popular defender for Aboriginal rights, especially Aboriginal land. He has changed the approach to welfare, child abuse, child protection, education and economic development. In 2007, together…

Every day in states across the Australia, homeless women, men and children walk the streets, often begging for money, carrying plastic bags or pushing shopping carts filled with what little personal possessions they own. It is hard to comprehend that in a country as affluent as Australia there is such a large amount of people in the community who do not have homes. But over the last couple of decade’s homelessness and poverty has become a serious issue in recent years due to the increase in…

1914 has been widely regarded by historians, as deeply supportive and in favour of the commitment to enter the conflict. The newspapers and the actions of many men and women as war broke out, displayed that a patriotic front was present among Australians. Carl Bridge is of the opinion that Australia was highly motivated and unanimously supportive towards the war. Other historians, such as Eric Andrews, however, are not convinced that there was unanimous support among the Australian people in…

their race, religion, nationality or political opinion and is unwilling or unable to return. Australia has signed and ratified the Refugee Convention with the intent to implement the legislation and policy that is required in order to support those who are dislocated from their home country due to the treat of persecution. This policy and legislation is implemented in Australia through the Migration Act 1958 (Cth) (Roadstorefuge, 2015). With the help of programs such as the United Nations High…