'Outdated' law costs teen workers $411m in lost superannuation
World1 source1 country🔦 Under-reported12m ago
Workers in Australia under the age of 18 who work fewer than 30 hours per week for a single employer are currently ineligible for mandatory superannuation contributions. Data from the Super Members Council indicates that this legislative threshold has resulted in a cumulative loss of $411 million in retirement savings for teenage employees.