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Industry Super Australia's new complementary chapter.
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Industry Super Australia's new complementary chapter.
Treasurer Jim Chalmers has responded to criticism of the government's plans around the introduction of payday superannuation, saying holding off until 2026 is deliberate and will give employers plenty of time to get it right.
Industry Super Australia research has estimated unpaid superannuation can leave workers tens of thousands of dollars worse off in retirement.
Shovel-ready projects can soon get under way and super funds will start considering investment opportunities.
The government wants to enshrine purpose of super in legislation.