Closure of superannuation loophole offers hope for underpaid

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Image: Kiwiev, Wikipedia

The federal government will close a legal loophole allowing some employers to underpay workers who contribute towards their own superannuation after an inter-agency report was released today.

The Superannuation Guarantee Cross Agency Working Group urged the change, which echoes the recommendation of an earlier senate committee inquiry into the non-payment of the superannuation guarantee.

Many stakeholders have welcomed the change, but want more to be done to help what is often a complex and difficult situation to remedy.

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