Union win: the Government has finally passed legislation to remove the $450 threshold to receive Superannuation contributions. The requirement to earn $450 per month from one employer to receive superannuation payments will be scrapped from 1 July 2022.
Unions have long advocated for the removal of the threshold. We recognise it has unfairly disadvantaged low paid workers and led to poorer retirement outcomes. This has disproportionately impacted women, particularly those carrying out essential yet still grossly underpaid work, in sectors such as aged care.
These workers are more likely to be insecurely employed in casual and part-time roles, having to work with multiple employers just to make a living. For too long, the $450 threshold has seen them miss out entirely on receiving superannuation. This decision is a win in the fight against job and income insecurity.