LABORS PLAN TO IMPROVE FOR WOMENS SUPER SECURITY: THIRD PARTY SUPPORT

20 September 2018

It is heartening to see the Opposition addressing the problem in particular seeking to close gaps where women are denied superannuation contributions.

The changes announced today will help reverse the current trend where women are retiring into poverty and homelessness. Women in Super, Chair Cate Wood.

Adding super to paid parental leave, and phasing out the $450 monthly threshold are changes that respond to both existing realities and the evolving workforce. Industry Super Australia, head of consumer advocacy, Sarah Saunders.

Labors plan should be commended for helping all Australians, especially women, achieve a comfortable retirement. Financial Services Council, Director of Policy Allan Hansell.

We are particularly pleased Labor will scrap the exemption that prevents people who earn less than $450 a month from any employer being paid superannuation. COTA and others have been pushing hard for this change for years. COTA Australia, CEO Ian Yates.

Structural policy reform to protect and enhance the economic security of women in retirement is something that ASFA has long advocated for. It is of critical importance to ensure that women are not condemned to experiencing poverty, and even homelessness. ASFA, CEO Dr Martin Fahy.

Providing super payments to those on paid parental leave and phasing out the $450/month super threshold will make a real difference for women. Per Capita

Todays announcement is an important first step to closing the 47 per cent superannuation gap for women. It is vital that super be paid on parental leave and we welcome the ALPs announcement. ACTU, President Michele ONeil.

This is a comprehensive package of measures to address the gender super gap and [is a] significant step towards ensuring our super system is fairer to women and we call on all sides of politics to prioritise this issue and act swiftly to address the persisting gender inequities in our super system. HESTA, CEO Debby Blakey.

Fantastic commitment from Bill Shorten, Tanya Plibersek and the Australian Labor Party to top up parents super while theyre on paid parental leave. The Parenthood.

This is a good step in the right direction to address the obvious gaps to address womens financial insecurity. Womens Electoral Lobby, NSW Convenor Philippa Hall.