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Increase super by way of tax receipts, says VACC
The Victorian motor trades employer group, the Victorian Automobile Chamber of Commerce (VACC), has emerged in the dying days of the election campaign to oppose lifting the superannuation guarantee to 12 per cent by way of employers.
Instead, the VACC wants the super increase paid out of taxation receipts.
In a statement issued this week, VACC executive director David Purchase said that while it supported a good superannuation system, it did not do so at the expense of milking employers dry.
“To increase superannuation contributions from 9 to 12 per cent, as proposed by the Federal Government, is not a bad thing,” Purchase said. “In fact, a 12 per cent superannuation contribution is a good idea because it will assist our ageing population to have a well deserved retirement.”
However, he said the increase should be paid out of taxation receipts or foregone wages rather than by way of the superannuation guarantee imposition on employers.
Purchase said any future Government needed to create an environment in which all parties, including employees themselves, provided a meaningful contribution to superannuation.
AUTHOR
Mike Taylor
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