General
Assuming employers will lift wages in place of superannuation levy is a triumph of hope over experience
Having sat on the final report of Treasury’s Retirement Income Review (RIR) for some four months, the Morrison government chose a Friday to finally release it.
But not just any Friday. It chose a day where the media attention would be strained to breaking point by the Brereton report into alleged atrocities and potential war crimes by members of Australia’s elite SAS in Afghanistan.
And the reason for the reluctance to give the final report clean air was because one issue was hyper-politically charged – whether the rate of the super guarantee (SG) should rise to 10% from 9.5% on 1 July next year as legislated.
A small but influential group of Coalition MP have been calling for a pause in the increase, arguing that in a…
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