Shorten ramps up super argument

22 April 2013
| By Staff |
image
image
expand image

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 3 days ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 1 day ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 4 days ago