Under-18s super carve-out costing teens $405m in lost contributions
Teenage workers are missing out on $405 million superannuation due to outdated rules, prompting calls to scrap the under-18s carve-out. The Super Members Council (SMC) has called on the Australian government to abolish an outdated law that denies superannuation to most workers under 18. SMC analysis shows around 515,000 teenage workers are expected to miss out on a combined $405 million nationally. Under current rules,...
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