A defining characteristic of present-day Australia is the large number of baby boomers – those born between 1946 and 1965 – who are retiring or approaching retirement from paid employment. Just as the baby boomers’ previous major life events, such as being employed and childbearing, have significantly impacted on Australia’s economy and society, so too...

This background note provides a summary of Commonwealth parliamentary superannuation benefits in place prior to the 2004 general election. It provides explanation, hyperlinks and documents pertaining to the operation of the Parliamentary Contributory Superannuation Scheme (the PCSS). A table of eligibility requirements and benefits under the Scheme is given. The background note should be read...

This paper argues that whatever the rationales for the creation of the current system of tax concessions for superannuation, minimising the future cost of the age pension does not appear to be among them. Australian taxpayers contributed $30.2 billion to the private accounts of that portion of the population with superannuation 2011-12. By 2015-16 this...

This draft report was released to assist participants in preparing a submission to the public inquiry into default superannuation funds in modern awards. Default superannuation arrangements exist because many employees do not actively choose a superannuation fund. Default funds are currently listed in most modern awards. Current default fund arrangements have provided stability, and investment...

This survey report discusses how older Australians face a range of risks that can impact on their financial security in retirement. How much does a retiree need for future expenditure?; if they live longer than expected will the money set aside be sufficient?; will their funds keep up with costs of living?; and how can...