Australia’s $3.4 trillion super system has put a dignified retirement within grasp for millions of Australians, while playing a growing role in the national economy. However, as with any system, there is scope to improve it and address inefficiencies, improve equity and resolve systemic shortcomings that put a drag on members’ balances or leave people behind – especially those who can least afford it, like young mums and those on lower incomes.
Our policy priorities contain our views on these key issues and identify how policy change can help protect and grow members’ retirement savings, giving them more choice and control over how and when they retire. We ask that these be considered in the updated 2022-23 Budget.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.