Submission – 2026-27 Pre-Budget submission

This Budget – and its strategy for the economy – is being shaped amid heightened global uncertainty and cost-of-living pressures. To deliver greater financial security for all Australians, its key strategic tasks are to further strengthen Australia’s economic stability, resilience and growth.

In this context, a clear theme of this Budget should be taking action to further strengthen and safeguard the super of millions of working Australians – and Australia’s globally-envied super system. Today, millions of Australian retirees have greater financial independence, a larger buffer against inflation, and are less reliant on the taxpayer-funded Age Pension – all thanks to the creation of compulsory superannuation (super) three decades ago. A combined $4.5 trillion investment capital pool in super – owned by millions of Australians with its clear purpose to deliver them income in retirement – strengthens and stabilises Australia’s economy, driving growth to lift today’s living standards and alleviate cost-of-living pressures.