Do we really need a senate inquiry into the gender gap in superannuation? There are simple answers if the Federal Government is serious about boosting both the average Australian's retirement outcomes and also reducing the gender gap in superannuation.
A lifetime cap on contributions for males & females is non discriminatory and can allow women to catch up.
AIST and Women in Super (WIS) have urged the Government to prioritise the tax reform of superannuation to improve retirement outcomes for women. While AIST supports the Greens call – made earlier this week - for a Senate inquiry into women’s retirement, we believe it is equally important that super taxes are prioritised for consideration by the current Tax Inquiry to address the gender gap. The Greens have said they will move for a Senate inquiry into their Bill– Sex Discrimination Amendment (Boosting Superannuation for Women) Bill 2014 – that amends the Sex Discrimination Act so that employers can make additional contributions to a female’s employee without breeching discrimination laws.