Skip to Main Content
 
Victorian workers suffer $1.2 billion super rip off image
Media Releases

Victorian workers suffer $1.2 billion super rip off

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.

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.

I'M READY TO CHOOSE A FUND