When the architect of Australia’s compulsory superannuation system, Paul Keating, appeared on ABC’s 7.30 Report, he argued that raising Australia’s superannuation guarantee (i.e. compulsory superannuation contributions) from 9.5% to 12% would not lower take home wages:
LEIGH SALES: There might be some Australians watching who are saying, “Well, if we are talking about 12 per cent, why can’t my employer give me that 12 per cent and it’s up to me to decide do I put it on my mortgage, do I put into super; what do I do with it?”
