The has backed a campaign initiated by the aimed at protecting the superannuation of lower paid Australians, particularly women.
The campaign relates to a recommendation by the to increase the monthly threshold for employer superannuation contributions from $450 to $800.
The unions are arguing that if the Government were to adopt the recommendation, hundreds of thousands of lower paid workers, including casual and part-time employees, would not be eligible to receive any superannuation payments from their employers.
The Government is expected to respond to the Business Regulation Taskforce recommendations by the end of next month, with the unions lobbying the Prime Minister, , against accepting the proposition.
The unions are not only arguing for the rejection of the recommendation, but also for the complete abolition of the income threshold.
The Super Members Council (SMC) has called for streamlined super reporting to cut costs, boost investment flows, and strengthen retirement outcomes.
AustralianSuper’s reliance on unlisted assets dragged on performance over the past year, as the rally in listed markets left funds more heavily weighted to equities outperforming their peers.
IFM Investors has urged for government-industry collaboration to accelerate projects, unlock capital, and deliver long-term returns for Australians.
With super funds turning increasingly to private credit to lift returns, experts have cautioned that the high-yield asset class carries hidden risks that are often misunderstood.