POWERED BY MOMENTUM MEDIA
Thousands lost since SG freeze
Workers have lost thousands of dollars in income as a result of the superannuation guarantee (SG) rate being frozen, as well as no increase in real wage growth, according to a new report from Per Capita.
The report titled “The Super Freeze: What You’ve Lost” had looked at what happened to wages and superannuation since the SG freeze in 2014 under the Coalition government, by then Prime Minister Tony Abbott.
The analysis showed wages rose from $1,000 to $1,066 per week ($52,000 to $55,432 a year), and a worker on the full-time median wage has lost $4,332.99 in superannuation.
Adjusting for inflation, in 2014 the real median wage was $56,524 in today’s dollars, meaning a loss of $900.99 based on nominal wage growth.
Emma Dawson, Per Capita’s executive director and lead author of the report, said by any objective measure workers had suffered a significant loss in net income since the SG freeze.
“Instead of going into the pockets of workers, as the government promised it would, those lost super savings have been pocketed by employers,” Dawson said.
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
