$5 billion in superannuation stolen from workers

3 November, 2021

3 million Australian workers have had $5 billion in superannuation stolen by employers according to a recently released Industry Super Australia report.

Young workers and low-income earners experience the highest rates of theft; a third of those under 30 are underpaid and half of those earning less than $25,000 are missing super payments.

30 per cent of those earning between $25,000 and $50,000 were also underpaid.

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