The move, which is supported by both major political parties, would save the federal budget about $2 billion a year if it goes ahead.
Read more at the ABC.
Increasing compulsory super will strip $20b from workers’ wages, Grattan Institute says
A legislated plan to increase compulsory superannuation contributions from 9.5 per cent to 12 per cent by 2025 would strip up to $20 billion from workers' wages each year, or nearly 1 per cent of gross domestic product (GDP), according to the Grattan Institute.
