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Defer superannuation rise for two years: Kate Carnell

Tom McIlroy
Tom McIlroyCanberra Bureau Chief

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Small business ombudsman Kate Carnell has called on the Morrison government to defer legislated increases to retirement contributions and cut super taxes, in a plan to help employers hit by COVID-19.

In a letter to Treasurer Josh Frydenberg, Ms Carnell said the government should take the pressure off small business operators through a two-year delay to increases in the super guarantee, set to take contributions to 12 per cent of wages in a staged increase from next July.

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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com

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    Original URL: https://www.afr.com/politics/federal/defer-super-rise-for-two-years-kate-carnell-20200911-p55upq