Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 1-Jul-25

The compulsory superannuation guarantee will rise by 0.5 per cent to 12 per cent today, following progressive increases in recent years. Former prime minister Paul Keating – considered to be one of the ‘architects’ of Australia’s super system – has welcomed the milestone but says it should have been reached in 2000. The Coalition government of the era froze the guarantee at nine per cent, a policy which remained in place until 2013. Keating contends that the delay has cost some workers up to $300,000 in retirement savings. He opposes the federal government’s proposed changes to the tax treatment of super, particularly the taxation of unrealised capital gains.

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