Shorten ramps up super argument
The Minister for Financial Services and Superannuation, Bill Shorten, has sought to damage the Opposition's approach to superannuation by defining those workers likely to be most exposed if a Coalition Government were to cut the Low Income Super Contribution, with retail workers leading the way.
Accounting clerks and book-keepers are also among those Shorten claims would be affected, as well as electricians, bricklayers and carpenters.
Releasing a table of those workers he said would be most affected by the Coalition's policy approach, Shorten also pointed to 2010-11 figures released at the weekend showing that 2.2 million or 60 per cent of the low income earners likely to be affected were women.
The Coalition has signaled it will be cutting the Low Income Super Contribution because it is funded by the mining tax — something which would be scrapped following a change of Government.
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