Superannuation – Opportunity for Further Reform
Australian workers earning $450 gross or more per month are entitled to a superannuation contribution of 9.5% of their gross salary under the Superannuation Guarantee
One of the questions raised by Rowena Orr, QC in the Banking Royal Commission’s session which took place on 27th April 2018 was “How can companies incentivise good quality advice where the best advice is to do nothing?”
Australia is facing new challenges and opportunities within the shifting patterns of international trade and the security of its commercial foothold and viability both locally and globally.
Criticism has erupted over suggestions by Labor that the planned increases in employer superannuation contributions from the current 9.5% to a targeted 12% by July 2025 should be accelerated.