Coalition backs away from 12% compulsory super increase

Advertisement

By Leith van Onselen

The Assistant Minister for Superannuation, Janet Hume, says providing better outcomes for superannuation savers is her most important priority. With a rise in the superannuation guarantee from 9.5% to 12% having been legislated but not implemented, Hume says the federal government has a “moral obligation” to ensure that the super system is as efficient as it can be before it insists on quarantining any more of peoples’ money. From The AFR:

The Coalition’s plan to review retirement incomes – on the back of a Productivity Commission recommendation – has also fuelled speculation about a delay…

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.