Centre Alliance's senator Stirling Griff and One Nation senator Malcom Roberts want to delay the rise in compulsory superannuation after the Prime Minister said a rethink was in order because of the impact of COVID-19.
The Morrison government potentially needs just one more Senate vote to delay the rise in compulsory superannuation contributions, after two crucial crossbench senators expressed concern that increasing the rate to 12 per cent of wages would hurt the economic recovery from the COVID-19 recession.
The government said on Monday the negative impact on take-home pay from higher super and politics would influence its yet-to-be-made decision on whether to proceed with the legislated rise from 9.5 per cent.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
