A federal government taskforce wants millions of low-income earning women denied superannuation in a bid to cut “red tape” for business.
The Taskforce on Reducing Regulatory Burdens on Business has called for the income threshold for employer superannuation contributions to be lifted from $450 a month to $800 a month.
The taskforce, operating under the auspices of the Productivity Commission, issued recommendation 5.49, buried on page 126 of the "Rethinking Regulation" Report, in January.
The move would shut over a million Australian workers, including over 14% of women, out of retirement savings.
No comments:
Post a Comment