Senator Jane Hume is hearing from a diverse group that the legislated super guarantee increase should not go ahead.Credit:Wayne Taylor
Ms Hume said"unwinding something that is already legislated is a very difficult thing to do but,particularly in this environment,there will be much pressure to do so".
Agroup of Liberal backbenchers,including first-term MPs Katie Allen and Dave Sharma,Jason Falinski and former ministers Eric Abetz and Barnaby Joyce,have all voiced opposition to lifting the rate in the current economic climate. Others,including Andrew Bragg and John Alexander,have pushed for significant changes to the existing super system,including allowing more early access to allow home buyers to use retirement funds to pay for property deposits.
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Ms Hume said there were currently"no plans"to change the legislation,but pointed to pressure also coming from external sources.
"It's not on the government's agenda,we've no plans to change the superannuation guarantee,"she said.
"We've had a very diverse range of advocates speaking up against the super rise,everybody from the[Reserve Bank] through to[the Australian Council of Social Services],"she said.
"So it may be law,it may be legislated,but of course it's going to be a controversial decision to maintain the rises."