ACTU holds emergency superannuation summit
The Australian Council of Trade Unions (ACTU) is again leading the way in seeking to defend the superannuation guarantee from the Government’s hardship early release scheme and against any Budget pause in lifting the superannuation guarantee (SG).
The big union group has called an “Emergency Superannuation Summit” which it says is aimed at bringing together political, industry, community and expert voices with a focus on highlighting the economic benefits of superannuation and the impact that scrapping the increase will have on the Australian people, now and into the future.
What is more, the ACTU has managed to bridge the political spectrum at the summit by bringing together one of the founders of the SG, former ACTU secretary, Bill Kelty, alongside former Federal Parliamentary Liberal leader, John Hewson and the chair of the Australian Industry Group, Heather Ridout.
The summit, to be held today, is occurring barely a week out from the Federal Budget, next Tuesday. It comes in the face of a number of vocal Liberal backbenchers advocating against the next rise in the SG and backing a further extension of the Government’s early release regime.
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