ACTU lobbies to lower take-home pay

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By Leith van Onselen

The Australian Council of Trade Unions (ACTU) has urged the workplace regulator, the Fair Work Commission, to increase compulsory superannuation for workers on the minimum wage. From The ABC:

It says nearly 2 million low-paid workers are $167 a year worse off because the Federal Government delayed plans for employer contributions to rise from 9.5 per cent to 10 per cent in July this year.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.