Submission – Securing Australians’ superannuation 

The Super Members Council is highly supportive of the Government’s commitment to implementing measures to address the structural drivers of unpaid superannuation. Many of our member funds have workers in industries where non-payment and underpayment of super is a widespread issue, which has a direct negative impact on final retirement balances.

The Super Members Council welcomes the reforms as a means to achieve greater effectiveness and equity in the system by introducing measures to ensure all working Australians are paid their superannuation guarantee (SG) entitlements on time and in full. This will directly benefit individual workers, particularly those in lower paid work, young people and women, while also helping to build and strengthen trust and confidence in the system.