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Employers counting super salary sacrifice towards own super obligation; Govt fixing ‘loophole’ but it ‘doesn’t go far enough’, says industry

Tags: politics

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The Federal Government is looking to fix a ‘loophole’ which has allowed employers to count salary sacrifice of an employee against their own legal super obligation.

Industry Super Australia estimates that 370,000 around Australia have lost a collective $1.5 billion in the past year to this super rort. While Industry Super is glad to see the government taking action to plug this loophole, they say it ‘doesn’t go far enough to fix the big problems around workers getting ripped off with their super.’

Bernie Dean, CEO of Industry Super Australia, speaks to Brian Carlton this morning about this ‘loophole’ and how workers are being ‘double crossed.’

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