{"id":13081,"date":"2011-11-02T12:08:30","date_gmt":"2011-11-02T02:08:30","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=13081"},"modified":"2021-04-15T10:20:06","modified_gmt":"2021-04-15T00:20:06","slug":"government-moves-forward-on-sg-contributions-increase","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2011\/11\/02\/government-moves-forward-on-sg-contributions-increase\/","title":{"rendered":"Government Moves Forward on SG Contributions Increase"},"content":{"rendered":"<p>The Federal Government has introduced a Bill into Parliament\u00a0to increase the Superannuation Guarantee (SG) rate.<\/p>\n<p><!--more-->If passed, the Superannuation Guarantee (Administration) Amendment Bill 2011 will increase the SG rate from 9% to 12%.\u00a0 In his speech to introduce the Bill, Minister for Financial Services and Superannuation, <strong>Bill Shorten<\/strong>, called the reform &#8220;an historic boost to superannuation&#8221;.\u00a0<\/p>\n<p>&#8220;Today, the Gillard Labor Government has taken another important step towards increasing the adequacy and fairness of retirement incomes for Australian workers,&#8221; Minister Shorten said.<\/p>\n<p>&#8220;Australians should not have to work hard and retire poor. \u00a0Nine per cent super is simply not enough.&#8221;<\/p>\n<p>Minister Shorten also announced that there would be no age limit imposed on SG contributions, following what he called &#8220;strong representations&#8221; from cross-bench members.<\/p>\n<p>&#8220;Together with the low income superannuation contribution and Stronger Super package of reforms previously announced, the increase in the superannuation guarantee will improve the adequacy of retirement incomes and deliver a comfortable and secure retirement for current and future generations of Australian workers,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Government has introduced a Bill into Parliament\u00a0to increase the Superannuation Guarantee (SG) rate.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-13081","post","type-post","status-publish","format-standard","category-compliance-regulation"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/13081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=13081"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/13081\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=13081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=13081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=13081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}