Govt to scrap union super fund rights

Assistant Treasurer Kelly O'Dwyer has confirmed government plans to scrap laws allowing unions and employers to limit super fund choices.

A screen displays stock market prices in Sydney

The federal government wants all Australian workers to choose where their superannuation is paid. (AAP)

The federal government wants all Australian workers to choose where their superannuation is paid under plans to scrap fund restrictions for four million employees.

Assistant Treasurer Kelly O'Dwyer on Monday confirmed a proposal to scrap laws allowing employers to limit fund choice, amid analysis showing 26 per cent of workers on enterprise bargaining agreements had no option.

"Your superannuation is your money... you should be able to say where that money goes," she told reporters in Hobart.


Share

1 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world