Will the $450 super threshold be removed before the election?

3 December 2021
| By Jassmyn |
image
image
expand image

Women in Super (WIS) has called on the Government to commit passing the legislation to remove the $450 superannuation threshold given it did not pass during the last Parliament sitting of the year.

The legislation was part of a superannuation bill that was listed for debate this week and WIS said it was now unknown whether the bill would be tabled before the next election.

WIS chair, Kara Keys, said it was extremely disappointing that a bill with bipartisan support that had been so long in the making would be jettisoned on the last sitting day of the year.

“The Morrison Government needs to explain why it has walked away from this uncontroversial legislation that would improve women’s lives,” Keys said.

“It is disappointing that a measure that has a negligible cost to the government, a potentially big impact on women and was announced over three years ago has been dropped from a very light legislative program.

“Women in Super calls on the Morrison Government to commit to passing this legislation in February.”

Read more about:

AUTHOR

 

Recommended for you

 

MARKET INSIGHTS

sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry

Avenue 17

I apologise, but, in my opinion, you are not right. I am assured. Let's discuss it. Write to me in PM, we will communica...

12 hours ago
Robert Segue

Sounds like a schoolyard childish scrap! take it behind the shelter sheds and sort it out! Really Publicly listed compa...

1 day 12 hours ago
JOHN GILLIES

iN THE END IT IS THE REGULATORS FAULT. wHILE I WAS WORKING I WAS ALLWAYS AMAZED AT HOW UNTHINKING SOME CLIENTS WERE! I...

1 day 16 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 1 week ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND