The Assistant Minister for Superannuation, Janet Hume, has given the strongest indication yet that the Coalition will scrap the legislated increase in the superannuation guarantee (compulsory super) to 12%, as well as make superannuation contributions voluntary for those aged under 25. From The SMH:
Jane Hume urged warring industry and retail funds to “lay down their arms” and set a deadline of 2021 for an overhaul of the system – the year the superannuation guarantee is scheduled to rise from 9.5 per cent…
The first step… would make all superannuation opt-in for those aged under 25…
