Inquiry submission: Operation and appropriateness of the superannuation and pension schemes for current and former members of the Australian Defence Force (ADF)

Our submission focuses on the inquiry’s Terms of Reference item (a) whether the legislative framework governing superannuation and pensions schemes for current and former members of the ADF is fit for purpose. We consider whether the framework is consistent with the objective of superannuation and consider broader equity issues by analysing ADF Reservists and other groups of Australian workers who are currently excluded from the system under the current settings.

SMC recommends that the Government review the financial impact Super Guarantee exclusions are having on Australian workers and consider changes to ensure all workers receive super consistent with the objective of super and important founding principle of universal super.