General news

According to ACTU modelling, a 3% cut in superannuation contributions would leave an average 30-year-old about $165,000 worse off in retirement. 

It comes as Peter Dutton also renews calls for parents to be able to cash out their super paid on federally-funded paid parental leave (PPL).  

Last year the Albanese Government legislated for 12% superannuation to be paid on Commonwealth PPL from 1 July 2025. 

The Coalition tried to amend the Bill with changes that would have forced new parents to choose between receiving superannuation on their PPL, taking a one-off lump sum, or receiving an extra two weeks of PPL. Their amendments were unsuccessful, but are now included in the Coalition’s official policy document. 

FSU National Secretary Julia Angrisano said these two attacks on our superannuation are the latest examples showing how Peter Dutton and the Coalition do not understand or support Australia’s superannuation system, which is consistently ranked one of the best in the world. 

“Any Australian who wishes to retire with dignity should be very concerned about any cut to superannuation contributions, let alone an entire 3%,” Ms Angrisano said. 

“A 3% cut would take us back to what the super contribution rate was in 2013. 

“We’ve come a long way since then, despite Peter Dutton’s Coalition blocking increases every step of the way. 

“What’s more, the Coalition’s plan to force parents to choose between retiring with dignity and a one-off payment are incredibly short-sighted. 

“They undermine the whole point of the government’s recent reforms: to break the cycle of women retiring in poverty.”