Super drained to help house prices soar

Super drained to help house prices soar

Scott Morrison’s latest attack on superannuation would force workers to raid their retirement savings to get on the property ladder. In an attempt to shift blame for the housing affordability crisis, Morrison is encouraging first home buyers to take up to $50,000 from...
Morrison’s super betrayal

Morrison’s super betrayal

The Morrison federal government has dismissed a plan to address the gender superannuation gap despite the policy being recommended by its own retirement income review. A proposal to pay super on top of government-funded parental leave was abandoned as the Morrison...
Super boost for vulnerable workers

Super boost for vulnerable workers

The superannuation balances of thousands of vulnerable workers will receive a much-needed boost following the abolition of the $450 super threshold. This means any IEU-QNT members earning less than $450 per month from a single employer will soon receive super payments...
Members set new super benchmark

Members set new super benchmark

Members at Brisbane Girls Grammar School (BGGS) have won benchmark-setting super entitlements in their recent collective bargaining negotiations. Employer superannuation contributions will climb incrementally to 14.25% in 2024 under the terms of the new agreement....
Financial products fail performance test

Financial products fail performance test

Australian Catholic Super and Christian Super have failed the financial regulator’s initial performance test of their MySuper financial products. The Australian government’s You Future, Your Super laws came into effect on 1 July 2021 with an annual performance test...
Government backs down on super cut

Government backs down on super cut

Reports that, in an eleventh hour move, the Morrison government will abandon its attack on the superannuation guarantee are welcome news for workers. Super is set to increase to 10% in July, with the rise to be formally confirmed in the 11 May federal budget. The news...
Government backs down on super cut

Your super questions answered

Superannuation is often something workers don’t consider until later in their working lives. But having a good understanding of your super entitlements can make a big difference. Here’s a quick rundown on what you need to know about super.   What is super? Super...
Federal government in super denial

Federal government in super denial

The federal government’s reticence to stand by legislated increases to super would upend the promised retirements of a generation. Workers should receive an increase to their guaranteed super this year (from 9.5% to 10%) with further legislated increases to follow...
MPs on 15% super want to break election promise

MPs on 15% super want to break election promise

A growing number of Liberal MPs are publicly calling for promised increases to super to be abandoned, while continuing to pocket 15.4% super in their own taxpayer-funded salaries. Treasurer Josh Frydenberg said the decision to increase the super rate would be...
The superannuation affordability lie

The superannuation affordability lie

As workers await their legislated 0.5% rise in superannuation next year, some employers and government MPs are attempting to cancel the ‘unaffordable’ increase. As Paul Keating, former Prime Minister and architect of our super system, told ABC’s 7.30 this week, the...
Government delay puts retirement futures at risk

Government delay puts retirement futures at risk

The federal government’s superannuation freeze has cost workers thousands in retirement savings and failed to stimulate wage growth, according to a new report. The federal government’s decision to freeze the superannuation guarantee (SG) rate at 9.5 per cent in 2014...