Super for Teens? Vote Down | Australia News

A bold push to extend superannuation to young workers under 18—potentially benefiting half a million teens with up to a billion dollars in new savings—was defeated after Labor and the Liberals teamed up to block the Greens’ motion. Senator Barbara Pocock slammed the decision, calling it unfair as big retailers like Coles and Woolies keep profits while young workers subsidize them. Liberals countered that changing the rules could hurt youth employment by making entry-level jobs less affordable for employers. Meanwhile, Labor’s new Payday super reforms, launching July 1st, will force employers to pay super alongside wages, aiming to recover billions in unpaid contributions. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e664810224378106