Queensland Investment Corp chief executive Damien Frawley says the rate at which compulsory superannuation is paid should be flexible, possibly ranging from 7.5 per cent at the lower end to 12 per cent at the top.
"If lower earners can’t afford to put 12 per cent away, or an employer can’t afford 12 per cent, let them stay on 9.5 per cent or drop it to 7.5 per cent," he said.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
