Great news! Parliament passes legislation to increase super to 12%

Thanks for your help in the campaign so far.

Just a day after we delivered the Stand up for Super online petition, Federal Parliament has passed a new law to increase the national Superannuation Guarantee from 9% to 12%.

This is great news as it means millions of working Australians will enjoy a more secure retirement.

For a 30 year old worker on average wages it will deliver an extra $100,000 in super when they retire. For literally millions of Australians it will mean the difference between a more modest retirement and a more comfortable life, where you can afford a little more for you and your family.

Thanks to all of the six thousand people who supported our online petition. It was delivered to the Labor Government on Sunday 18 March. 

Stay tuned for the next stage in our Stand up for Super campaign which will be to make sure working Australians are getting the full benefit of their super by investing it in Industry Super funds and protecting it in Enterprise Agreements and awards.

  • Passage of super legislation will deliver better retirement for 8 million Australians – read more
  • Register here to keep updated with the latest super campaign news 
Government’s sensible changes will make superannuation fairer and more sustainable
Changes to the superannuation system announced today by the Federal Government are a long-overdue step which will make superannuation fairer and more sustainable, the ACTU...
Superannuation eNews August 2012
From the editor's deskWhile the Future of Financial Advice (FOFA) reform legislation is now locked in, there remain several uncertainties for superannuation on the horizon...