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Objective of super will protect Australia’s retirement savings now and into the future

  Published: 20 Feb 2023

Industry Super Australia supports the government’s move to legislate an objective of super that enshrines preservation into the wording.   

A well-defined and legislated objective of super could be a guiding light for the development of future superannuation policy that will protect and grow the retirement savings for all Australians.

The government’s proposed wording is an excellent starting point for the debate and well-reflects what the community understands as super’s purpose – savings solely for retirement.

*The above material, whilst correct at the time of publication may include references or statements which are no longer current.

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