Thursday, 20 September 2018
The government has made a number of changes to improve the flexibility and equity of the superannuation system. This helps individuals with interrupted work patterns, including women, to save for their retirement. But, under current arrangements, fees and insurance premiums can eat up a significant proportion of additional contributions. That is why the government's key priority is passage of the Protecting Your Super Package announced in the 2018-19 budget. This will protect superannuation balances from undue erosion, which will enable individuals to make the most of their superannuation savings. Those opposite must support this bill to ensure that the retirement savings of all Australians, but particularly women, are protected.