Super Guarantee rate

Super Guarantee under attack from “unholy coalition”: Albanese

The currently legislated increase to the Super Guarantee rate is under attack from an “unholy coalition”, says Labor Leader Anthony Albanese. Albanese used his latest ‘vision statement’ speech to criticised groups opposed to increases in the Super Guarantee rate. “At the moment we are witnessing an unholy coalition attacking the… Read More »Super Guarantee under attack from “unholy coalition”: Albanese

RBA forecasts have 80% of Super Guarantee increases coming out of wages growth

The RBA, when preparing its forecasts, is working on the basis that 80% of the cost of increased Super Guarantee for private sector workers is passed on as slower wages growth. Appearing before a House of Representatives Committee, Dr Luci Ellis, Assistant Governor (Economic) with the RBA, said the forecasts… Read More »RBA forecasts have 80% of Super Guarantee increases coming out of wages growth

Research questioning raising SG rate based on “fantasy world”: ISA

Industry Super Australia has disputed the findings of ANU research on the appropriate level of the Super Guarantee rate, describing it as based on a “fantasy world with dangerous conclusions”. There is currently a debate raging about how high the Super Guarantee rate should be set. The Government has started… Read More »Research questioning raising SG rate based on “fantasy world”: ISA

Treasurer returns to ‘no plans’ to change SG rate timetable language

Treasurer Josh Frydenberg has returned to the language of ‘no plans’ to change increases in the Super Guarantee rate, only days after the Review of Retirement Incomes started. The Treasurer was asked on ABC’s Insiders if the Government was committed to increasing the SG rate to 12% by 2025. Frydenberg… Read More »Treasurer returns to ‘no plans’ to change SG rate timetable language

Vital signs. Our compulsory super system is broken. We ought to axe it, or completely reform it

Written by Richard Holden, UNSW. The just-announced inquiry into Australia’s retirement income system ought to be anything but run-of-the-mill. Taking place 25 years after the introduction of compulsory superannuation, it provides an opportunity to either fix a broken system, or discard it as failed experiment. Incremental reform won’t work. There’s… Read More »Vital signs. Our compulsory super system is broken. We ought to axe it, or completely reform it