Submission – 2024-25 Federal Budget 

Australia’s superannuation system is ranked among the best in the world and has delivered a more dignified retirement to many millions of Australians over the last 30 years. With this success also comes a responsibility to keep improving super, ensuring its benefits are enjoyed by as many people as possible.
The system settings of superannuation do not achieve an equitable outcome for all that are part of it. A more equitable super system will lead to fairer and better outcomes for members in retirement and will go some way to assisting those who are being left behind when it comes to building their super balances – especially women, First Nations Australians and those on lower incomes.
The forthcoming Federal Budget presents an ideal opportunity to not just celebrate the successes of recent decades, but to acknowledge that our world-class super system can and must be fairer, and more equitable as it helps to deliver more adequate retirement incomes.