Skip to content
National News Current Affairs, Political

ACOSS applauds decision to pay super on paid parental leave

ACOSS < 1 mins read

Media release | Thursday, March 7 2024

ACOSS has today welcomed the Albanese government’s decision to pay superannuation on government-funded paid parental leave as an important step towards a fairer superannuation system for women. 

ACOSS CEO Cassandra Goldie said:

“Paying superannuation on government-funded paid parental leave will contribute to tackling gender inequality in our retirement income system,” she said. 

“Women still take on the bulk of caring responsibilities, both paid and unpaid, and take significant time out of the paid workforce. 

“Every single dollar added to someone’s superannuation account matters. Ensuring women can accumulate more superannuation helps close the gap that leaves them with a quarter less retirement savings than men, on average. 

“It is essential to safeguarding women’s financial security in later life. 

“This policy will particularly benefit women in low-paid and highly feminised industries who are less likely to have access to employer-funded paid parental leave . They often cannot afford to retire or spend their retirement in poverty. 

“Policies that bolster women’s financial security make social and economic sense. ACOSS commends the Albanese government for taking this next step towards greater gender equality in retirement.

“Closing the superannuation gap will require much broader reform, including overhauling existing concessional arrangements which provide little or no benefit to women or those on low-incomes yet come at a hefty cost to the budget.”

ACOSS proposes replacing existing concessions with a fairer and simpler annual rebate, that provides the same or greater support for each dollar of contributions for people with low incomes as that provided to middle- and high-income-earners.

Media contact:
Georgie Moore
0477 779 928

More from this category

  • National News Current Affairs
  • 19/04/2024
  • 06:26
Ahmadiyya Muslim Community Australia

Goodbye Faraz (National Hero) – Funeral

Join us for the funeral prayers of our dearest brother,son, and National Hero Faraz Tahir. Friday 26th Apr 2024 Location: Masjid Baitul Huda 45 Hollinsworth Rd, Marsden Park NSW 2765 11:30am: Family Time & Media Interviews 1pm: Viewing of Guests 2pm: Funeral Prayer 2:30pm: Departure for Burial @ Riverstone Graveyard Faraz Tahir (aged 30) was cherished member of our community and a dedicated security guard who tragically lost his life on Sat 13th April in Bondi Junction stabbing attack while on duty, serving and defending public and community. Must Register (RSVP): https://forms.gle/6wsXP3YrRtC6owqT7About us: About the Ahmadiyya Muslim Community: The Ahmadiyya…

  • Agriculture Farming Rural, Political
  • 18/04/2024
  • 15:40
Farmers for Climate Action

Farmers welcome bipartisan support for pollution reduction

Thursday, 18 April 2024 Farmers for Climate Action, representing 8200 farmers across Australia, has warmly welcomed bipartisan support for strong emissions reduction policies in Queensland. Bipartisan support for strong climate policies is a key goal of our organisation. Following the announcement by the Queensland LNP Opposition yesterday that it will not oppose the Government’s emissions reduction targets, Queensland farmers and businesses now have certainty, CEO Natalie Collard said. “Bipartisan support for strong emissions targets gives certainty to farmers, businesses and investors,” Ms Collard said. “Climate change is already hurting farmers, driving up the costs of insurance as more drought, fires…

  • General News, National News Current Affairs
  • 18/04/2024
  • 14:38
The Declaration of Biological Truth Australia

Australians show concern and fear about gender ideology

Over 1,000 Australians have signed the Declaration of Biological Truth Australia to express their concern about the impact of gender ideology on Australian society.…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.