Labor man Greg Combet demands 12% compulsory super lift

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By Leith van Onselen

It looks like Labor will persist with raising Australia’s compulsory super rate to 12%, if former energy and climate change minister in the Rudd and Gillard governments, Greg Combet, is any guide. From The Australian:

Greg Combet, now one of the most powerful figures in the $2.7 trillion superannuation system, says.. the government needed to bring forward moves to lift compulsory employer contributions from 9.5 per cent to 12 per cent…

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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.