Published: 16 Feb 2022
Victoria’s workers are short-changed $1.22 billion a year from their super and the state’s workers will continue to be ripped off until federal politicians act.
Industry Super Australia (ISA) analysis of the latest tax data shows more than 760,000 Victorian workers lost an average of $1,606 in 2018-19. Those swindled on super can end up retiring with up to $60,000 less.
In six years – from 2013-14 to 2018-19, Victoria’s unpaid super bill climbed to an eyewatering $6.7 billion.
Despite nearly a third of the state’s workforce suffering a super rip off each year, awareness of the unpaid super problem remains chronically low.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.