Chartered Accountants Australia and New Zealand

National and Act both support a gradual increase in the age of eligibility to sixty-seven.

But Chartered Accountants Australia and New Zealand are suggesting allowing people to make choices about what age they start to get super.

Modeling done on their behalf suggests such a change could actually improve the scheme's affordability and preserve its universality.

Superannuation currently costs the country over twenty-six billion dollars each year, and Treasury has forecast that this cost will increase to nearly seventy-three billion dollars by twenty forty-eight.

Of course, there is the Super Fund to try and help that increase, uh, but we'll delve into the numbers on how much pressure on the government's books Super is set to, uh, require.

Peter Vile is the New Zealand head of Chartered Accountants Australia and New Zealand.

Morning, Peter.

Great to have you in the studio.

E-invoicing can play an important role in payment times reporting because the data is ready and available.

Another way CAs can assist their SME clients is with CA ANZ's Australian Small Business Profitability and Risk Benchmarks Report.

Released in 2024, the report is a valuable tool for CAs wanting to advise their small business clients on their profitability and cash flow.

It's that strategic lens... on the particular risks for this particular size business and this particular sector, Tseng says.

And in general, it means that the kind of punishments they can get for this bad behaviour are really low.

So the Chartered Accountants body, which investigated PwC after the tax leak scandal, they find them a grand total of $50,000 for that bad behaviour.

That's not missing a zero.

And after that, of course, they looked at that and they raised the maximum fine they could charge to make sure that could never happen again.

Time to talk superannuation.

CAANZ, Chartered Accountants Australia New Zealand, which is an industry group for chartered accountants, is advocating for a change which would allow people to delay when they start receiving superannuation.

For every year you delay up to a point you would receive a higher amount.

But how does this idea stack up? How much would it save us? Well, joining me now is Junaid Tabshraini, who is Wellington Business Editor for the New Zealand Herald and who's been writing all about this terrific piece on the Herald website today.