The Latest Global News from Asia-PacificThe Australian government has announced significant changes to the previous government’s controversial proposals concerning superannuation arrangements for temporary residents. Employers will still be required to pay superannuation guarantee (SG) contributions for these employees. These changes are expected to be implemented following Royal Asset, in either late November or early December 2008. [August 22, 2008] Superannuation funds could experience cost savings from new regulations that allow them to issue annual reports on their Web sites rather than by printing and mailing. The changes apply to reports for the 2007/2008 calendar years and later, as long as certain conditions are met. [July 31, 2008]
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