Labor Rules out Raising Compulsory Super Contribution From 12 to 15 Percent
Labor also plans to stop unsolicited sales calls targeting Australians aimed at convincing them to change super funds to high-risk investments.
Assistant Treasurer Daniel Mulino has stated there are no plans to increase compulsory superannuation contributions from the current 12 percent to 15 percent. Mulino highlighted that achieving the 12 percent level was a significant accomplishment of Labor governments over time, facing strong opposition. In parallel, Labor intends to prevent unsolicited calls that pressure Australians into switching super funds for potentially high-risk investments.
- Compulsory superannuation contributions will not be raised from 12% to 15%.
- Federal public servants currently receive a 15.4% superannuation guarantee.
- Labor plans to stop unsolicited sales calls targeting individuals for super fund changes to high-risk investments.
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