Superannuation

ALTERNATIVE LABELS
Super funds


Working paper

COVID-19 private pension withdrawals and unemployment tenures

The COVID-19 pandemic prompted a range of previously untested major policy responses from governments, including allowing people to make early withdrawals from their superannuation accounts. This paper evaluates the impacts on people's retirement savings.
Report

The future of insurance in superannuation

This report examines the role of insurance in superannuation, and explores the benefits of the system and potential enhancements.
Position paper

Super for housing inflationary and contrary to retirement income objective

The proposal announced by the federal Coalition to bust open super for first home buyers housing deposits would add tens of thousands of dollars to housing prices and would undermine the retirement savings of all Australians, asserts Industry Super Australia.
Report

Addressing Superannuation Guarantee non-compliance

The Superannuation Guarantee (SG) system operates largely without regulatory intervention. The Australian Taxation Office (ATO) has reported a high rate of voluntary compliance with SG. In respect of superannuation, the ATO’s role is to encourage voluntary compliance and enforce the penalties of non‐compliance.The objective of...
Position paper

Eliminating the gender superannuation gap: one step to achieve lifelong economic wellbeing

This paper suggests a number of issues that must be addressed, through policy reform, to close the gap in superannuation balances between men and women
Report

Caring costs us: the economic impact on lifetime income and retirement savings of informal carers

The focus of this report is on highlighting the economic impact of unpaid care - specifically, lost income during working life and the longer-term reduction in accruing superannuation, which affects retirement savings. In economic terms this is called the ‘opportunity cost of caring’.
Report

Morrison missing: a record of his failure for working women

This report calls for several, long-overdue changes to make workplaces and society safer for women, close the gender pay gap and ensure all working women have a secure retirement.
Report

Consumer data right - strategic assessment: outcomes

This report identifies ‘Open Finance’ as the next priority area to expand Consumer Data Rights (CDR).
Policy report

Mortgaging our future: the effects of super for housing policies on Australian property prices and financial health in retirement

This report examines the effects of ‘super-for-housing’ policies on house prices, finding the proposal would significantly increase house prices in all major capital city markets in Australia, but do so without changing the composition of first home buyers.
Report

Quit nukes: the case for Australian superannuation funds to be nuclear weapons free

In January 2021, the UN Treaty on the Prohibition of Nuclear Weapons (TPNW) entered into force, finally making nuclear weapons illegal under international law. This report examines the policies of the largest Australian superannuation funds, highlighting their investments in companies involved in nuclear weapons development...
Report

Review of the Australian Financial Complaints Authority: final report

This review provided an opportunity for feedback on the operation of the Australian Financial Complaints Authority (AFCA) since its establishment, and to consider whether further enhancements should be made to ensure the external dispute resolution scheme is appropriately calibrated and operating effectively.
Policy report

Super scandalous: how to fix the $5 billion scourge of unpaid super

Unpaid super affects more than a quarter of employees, costing each affected worker an average of $1,700 per year. This report points to four policy reforms and the need for a visible, proactive regulator to ensure Australian workers are not deprived of their employer super...
Report

Completing Australia’s retirement income system

The Academy of the Social Sciences in Australia (ASSA) and the ANU's Tax and Transfer Policy Institute (TTPI) hosted a roundtable in March 2021 to examine the 2020 Retirement Income Review report and to consider its implications for further reform of the system. This paper...
Briefing paper

Combining MySuper product performance histories - APRA’s approach

APRA is supporting the Australian government in implementing the 'Your Future, Your Super' measures. The focus of this paper is on APRA’s approach to administering the performance test, where APRA has flexibility in administering the performance test, and APRA’s approach to providing investment performance data...
Policy report

The gender superannuation gap: addressing the options

A combination of greater levels of part-time work, employment in lower-paid industries, lower hourly rates of pay for women compared to men, and less time in the paid workforce during their working years results in pronounced gender pay, income and superannuation gaps. This paper looks...
Policy report

The Superannuation Guarantee: why we need 12 per cent

This report shows the compelling body of evidence that it is in the best financial interests of all current and future workers in Australia, and the broader Australian economy, that the scheduled Superannuation Guarantee increases to 12 per cent, as planned.
Policy report

Implications of the Retirement Income Review: public advocacy of private profligacy?

The recent Retirement Income Review (RIR) implies policies that would reduce after-tax returns to super saving, encourage faster spending of life savings and of equity in the family home, and minimise bequests. This paper argues that the RIR relies on contested Treasury ‘tax expenditure’ estimates...
Policy report

Housing affordability and superannuation

There have been several comprehensive reviews that have rigorously assessed the superannuation system in Australia over the last decade or so. None of these has recommended the early release of superannuation for housing deposits, while several have made recommendations to the contrary.
Working paper

Responding to Callaghan: completing Australia's retirement income system

The Retirement Income Review (Callaghan) report concluded that the Australian retirement income system is effective, sound and its costs are broadly sustainable. This paper examines the report's suggested 'optimal use' of superannuation savings, suggesting it is not in fact practicable and proposing alternative drawdown arrangements...
Report

Retirement Income Review: final report

This review report covers the current state of the superannuation system and how it will perform in the future as Australians live longer and the population ages. The review considered the incentives for people to self-fund their retirement, the fiscal sustainability of the system, the...