| Description |
xiii, 320 pages : illustrations ; 24 cm |
| Contents |
Machine derived contents note: Acknowledgements x -- A Note to the Reader xi -- PART ONE CAN WE AFFORD THE OLD? 1 -- 1 AUSTRALIA'S DEMOGRAPHIC OUTLOOK 3 -- Looking at the Numbers Some Statistical -- Methods Demographic Projections Budget -- Effects -- 2 THE ECONOMIC SITUATION OF THE OLD 22 -- Are the Old Now Better Off? Poverty and the -- Aged Keynesianism No Longer Effective -- Australia's Welfare Improvements The Social -- Wage Effects of Social Change Do Retired -- Australians Want to Work? Fringe Benefits -- Paramount Importance of Housing ʺ What Is an -- Adequate Retirement Income? Conclusion -- 3 THE OLD: SOCIAL AND HEALTH SITUATION 49 -- Thesaurus Words for the Old Are Old People's -- Needs Different? Can We Be Old and Well? -- Elderly Consume Much Health Care What -- Causes Health Improvements? Not Everyone -- -- -- -- Needs Assistance Health Care of the Aged -- Home and Community Care Housing -- 4 PRESENT PROVISION FOR AGE SECURITY 64 -- Age Pensions System Cost of Abolishing Means -- and Asset Tests Effective Taxation and Poverty Traps -- Superannuation Relative Cost of Pensions and Super -- -- PART TWO DECISIONS FOR GOVERNMENT 79 -- 5 NATIONAL PENSIONS AND NATIONAL SUPERANNUATION 81 -- Are We Really Unique? Mixing Public and Private Provision Nature of Social Insurance -- Social Insurance and Fund Accumulation -- National Super for Australia? -- -- PART THREE DECISIONS FOR INDUSTRY: THE OCCUPATIONAL SUPER SCENE 91 -- 6 THE EMPLOYER AND SUPERANNUATION 93 -- Employer Bodies: 'Super's Fine, But Softly, Softly!' -- Position of Individual Employers Super Plan -- Objectives and Operations Takeovers and Mergers Towards a Resolution of Conflict -- 7 SUPER TODAY: THE BIG SCENE 107 -- What Is a Super Fund? ʺ Types of Super Funds -- Types of Payouts: Lump Sums vs. Pensions -- How the Super Scene Is Growing Size of Funds -- Super Growth Alters the Economic Scene -- Vesting, Preservation, and Portability: A New -- Security for Workers Insist on Full Funding! -- Funds Growth Brings Disputation Operating a Superannuation Fund: Overall Actions Whom to -- Cover? What Are the Benefits? Who'd Be a -- Trustee? Managing a Superannuation Fund -- Investment Management The Future -- -- -- -- 8 TAXATION ISSUES FOR INDUSTRY 140 -- The 1988 Super Tax Regime Concessions What Used to Happen ʺ The Steps to Control -- Good News? Effects on Funds -- 9 THE SHOW IS JUMPING: THE INVESTMENT WORLD 161 -- Super Investment in the New Era The Financial -- Vortex Fund Managers Conclusion -- 10 THE GREAT LEAP FORWARD? 172 -- The Accord and Super Both Workers and -- Employers Support Super Industry-wide Funds -- to Extend Many Employees Fail to Join -- Cover Is Expanding -- 11 SUPER FUNDS: CONTROLS AND -- OPERATING STANDARDS 182 -- OSSA's Role The Tax Act's Role The Annual -- Return Sole Purpose Trustee Boards Loans to Members Investments -- Vesting of Memberfinanced Benefits Vesting of Employer-financed -- Benefits Preservation and Portability Prudential and Reporting Standards -- Reasonableness of Moneys in the Fund to Meet -- Benefits Reasonableness of Benefits -- Application of Forfeited Benefits Other -- Information The Certificate of Compliance -- Too Much Red Tape? -- -- PART FOUR DECISIONS FOR THE INDIVIDUAL 195 -- 12 TAXATION ISSUES: THE INDIVIDUAL AND -- RETIREMENT 197 -- The Government's Objectives Tax Expenditures Rollovers -- Super: The Tax Scene for Individuals Summary of Tax Rates and Liabilities The May -- 1988 'Change in Timing' ʺ Eligible Termination -- Payments Conclusion -- -- -- -- 13 SAVING AND INVESTMENT FOR THE -- INDIVIDUAL 218 -- The Broad Decisions Investment: A Few Basics -- The Finance World ʺ Life-cycle Savings -- Approved Deposit Funds The Stock Exchange Stock Exchange Regulation -- Stockbrokers and Stock Market Advisers Primary and Secondary -- Markets Shares Debentures Preference Shares Bonus Shares Convertible Notes -- Futures and Options Getting In and Getting Out -- Taxation Unit Trusts Equity Trusts International Trusts Mortgage Trusts -- Government Security Trusts Cash Management -- Trusts Property Trusts Permanent Building Societies Credit Unions Government Loans -- Insurance Bonds Life Assurance Property and -- Negative Gearing Banking and Bank Deposits Annuities Investment Advisers Conclusion -- -- PART FIVE THE FUTURE 269 -- 14 NEW DEAL FOR RETIREMENT -- PROVISIONS? 271 -- Broad Reform Programs Missing Universal Age -- Payment Needed Occupational Super Also Needed Defects in Hawke-Keating Policies -- Universal Pension Shouldn't Be Over-generous Ageing Problem Is Containable Three-legged -- Stool The Social Security Review Senate -- Committee Proposals -- POSTSCRIPT: THE 1989-90 BUDGET 287 -- Glossary/Abbreviations 290 -- Descriptive Bibliography 302 -- Index 315 |
| Notes |
Includes index |
| Bibliography |
Includes bibliographical references (pages 305-314) and index |
| Subject |
Old age pensions -- Australia.
|
|
Pension trusts -- Australia.
|
|
Postemployment benefits -- Australia.
|
|
Postemployment benefits.
|
|
Retirement income -- Australia.
|
|
Retirement -- Australia.
|
|
Social security -- Australia.
|
|
Superannuation -- Australia
|
| LC no. |
2003363852 |
| ISBN |
0140087532 (paperback) |
|
