A report by Industry Super Australia warns that an outdated law denying under-18 workers super contributions could cost them over $10,000 in the long term.
Approximately 375,000 young workers in Australia are locked out of the retirement system, as they are only eligible for compulsory super contributions if they work over 30 hours per week for the same employer.
Removing this discriminatory threshold would not only be fair to young workers but also remove the administrative burden for employers.
This exclusion affects over 90% of teenage workers who typically work fewer than 30 hours per week.
Image: Image credit: Unsplash
Produced By: Moemina Shukur
Featured In Story: Bernie Dean – Industry Super Australia’s Chief Executive
First aired on The Wire, Tuesday 11 July 2023