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'Outdated' law costs teen workers $411m in lost superannuation

World 1 source 1 country 🔦 Under-reported 12m 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.

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Read the full story at the source ABC News (AU) · AU
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