The government has doubled down on its commitment to 12 per cent superannuation, saying it is not considering letting people choose whether future increases could go towards their take-home pay.
Appearing at an event hosted by Industry Super Australia on Wednesday, Superannuation Minister Jane Hume said the government had “no intention” of seeking an election mandate to freeze the superannuation guarantee rate at 10 per cent.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
