Original article by Adam Creighton
The Australian – Page: 1 & 2 : 22-Jul-19
The federal government is facing growing pressure from within its ranks to reconsider an increase in the superannuation guarantee from 9.5 per cent to 12 per cent by mid-2025. Andrew Hastie is among seven backbenchers who oppose the increase; he says it would be preferable for people to use this income to pay off their mortgage now rather than have to wait until they retire. Senator Amanda Stoker in turn says wage increases should be a higher priority at present than changes to the superannuation guarantee.
LIBERAL PARTY OF AUSTRALIA, GRATTAN INSTITUTE, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. PARLIAMENTARY BUDGET OFFICE, AUSTRALIA. DEPT OF THE TREASURY