You may have recently heard the Federal Government will be legislating an objective for superannuation.
They have proposed defining this as:
‘The objective of superannuation is to preserve savings and deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.’
You can read more about this here.
Do you agree?
Defining a settled and shared understanding of the purpose of superannuation is a positive step toward making our super system stronger and safeguarding the retirement of older Australians.
However, we want to make sure the definition of this objective aligns with your understanding of what super means to you.
On behalf of members, the FSU will be making a submission on the objective of superannuation and we’d like your thoughts.
- What do you see as the practical benefits or risks associated with legislating an objective of Australia’s superannuation system?
- How would the proposed objective improve the super system and retirement outcomes for working people?
- Does the proposed objective meet your understanding of the objective of the superannuation system in Australia?
We’d love to hear from you! Reply to this email with your thoughts by Wednesday 28 March.
If you’d like to receive a copy of our submission, or be more involved in developing our exciting policy agenda in areas like pay transparency, climate change and human rights, simply reply to this email.