Who Benefits And At What Cost?

Who Benefits And At What Cost?

Economist Chris Richardson sparked debate earlier this year by describing Australia’s superannuation system as “a reverse Robin Hood,” arguing that it took money from poorer Australians and gives it to the rich. “The super system is best thought of as a trucking company,” Richardson wrote. “It collects cash from the less well-off and dumps those … Read more

Australia Passes Law To Extend Superannuation To New Parents From July 2025

Australia Passes Law To Extend Superannuation To New Parents From July 2025

The Australian Parliament has enacted legislation to extend superannuation contributions to new parents who receive government-funded parental pay — a landmark initiative designed to bridge the gender gap in retirement savings. As the Senate passed the Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Bill 2024 on Thursday, parents with babies born … Read more