Media Releases

Morrison must rule out cut to workers' superannuation

July 11, 2019

Scott Morrison must rule out calls from his backbenchers to hurt workers saving for a comfortable retirement by cutting their superannuation.

The Australian Financial Review has revealed a campaign by Coalition backbenchers to axe the scheduled increase in the Superannuation Guarantee to 12 per cent – a bi-partisan policy since 2013.
It’s beyond hypocritical that the very same Coalition MPs who pretended to be champions of retirees now want to attack the retirement savings of Australian workers.
Scott Morrison needs to come out today and pull his rebel backbenchers into line.
The Liberals have already delayed Labor’s important reforms to increase the Superannuation Guarantee to 12 per cent so workers can enjoy a more dignified retirement.
Unfortunately, the Liberals have undermined superannuation at every turn, and this is more of the same.
Labor created our world-leading superannuation system – which now includes 15 million members with more than $2.7 trillion in savings – and we’ll always fight to protect it.