Liberal senator Andrew Bragg has called for compulsory superannuation to be optional for low-income earners in his maiden speech to parliament. However, Prime Minister Scott Morrison says that will not be happening, even if it is recommended by a proposed review into retirement incomes. Similarly, even if the review also recommends that a legislated increase in the superannuation guarantee to 12 per cent by 2025 should not proceed, Morrison says the government has no plans to change this policy. From The AFR:
“The government’s policy, let me be very clear, is what is set out in what the law of this country is and our policy hasn’t changed,” he said of the legislated plan to lift the super guarantee to 12 per cent in increments, beginning in 2021.
“Reviews look at all sorts of things, but they are reports of reviews, not of the government, and the government responds as appropriate…
