Skip to Main Content
 
austin distel 1462320 unsplash
Media Releases

Unfair super law costs Queensland teen workers $10,000

  Published: 03 Aug 2023

A discriminatory legal relic that largely denies Queensland’s under-18-year-olds super contributions could ultimately cost them more than $10,000 at retirement, new research reveals.

About 87,000 of Queensland’s youngest workers are locked out of the nation’s world class retirement system because they are not entitled to compulsory super contributions, unless they work more than 30 hours a week for the same employer.

New Industry Super Australia (ISA) modelling finds that this law could cost the state’s youngest workers about $90 million in super contributions annually.

If these Queensland workers were eligible for the super guarantee they would receive an average of $1,035 a year. If invested in a super fund these small contributions could grow to $10,2000 by the time a teen worker retires.

*The above material, whilst correct at the time of publication may include references or statements which are no longer current.

Got a topic you'd like to read about?

Thank you for your topic suggestion.

The message has been sent succesfully, check back soon to find if we wrote about the topic you suggested.

An error has occurred

Due to a technical fault we are unable to to submit your form at the moment. Please try again later.

Additional details:

To learn more about one of the Industry SuperFunds below click on their logo.

What's your question?

warning Your question will be sent directly to the fund you select

Talk to someone who knows how to help

warning Your question will be sent directly to the fund you select

  • You will be called back at the next available opportunity.

Thank you for your enquiry

An error has occurred

Due to a technical fault we are unable to to submit your form at the moment. Please try again later.

Additional details:

I'M READY TO CHOOSE A FUND