Simpler Super for Equitable Retirement Incomes
ACT Labor calls for superannuation to be paid on every dollar earned so that across a lifetime, Australians don't fall behind and can gain the benefits of compound interest to support a dignified retirement.
ACT Labor will:
• Remove the discriminatory requirement that workers under 18 years of age have to work 30 hours in a week to be eligible for a superannuation contribution. Workers regardless of age should be paid superannuation on every dollar earned.
• Amend the law to require superannuation to be accrued on all of a workers pay, including overtime payments
• Require the payment of superannuation on employer provided paid parental leave and unpaid parental leave
• Require superannuation to be payable to recipients of workers compensation payments
• Legislate for superannuation to be payable to recipients of commonwealth Dad & Partner Pay and Family Tax Benefit payments.
• Legislate for superannuation to be payable to recipients of commonwealth income support payments.
• Urgently deliver on its commitment to Pay Day Super to prevent the misuse or loss of accrued superannuation entitlements.