New Daily talks its master’s book on compulsory super lift

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The New Daily is owned by Industry Super Holdings, so one should expect it to wholeheartedly support lifting Australia’s superannuation guarantee (compulsory superannuation) to 12%, given this would deliver its owners more funds under management to clip the ticket on.

This helps to explain why Your Super Editor of the New Daily, Rod Myer, has penned a spurious article claiming “there is no evidence that halting superannuation rises will boost wages”:

Claims by a group of Liberal party MPs that the superannuation guarantee (SG) should be held at 9.5 per cent to allow workers to get a pay rise “fly in the face of all available evidence”, the opposition say.

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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.