media release 

 

29 October 2021    

 

HESTA welcomes scrapping of $450 super threshold

 

The Australian Government introduced legislation this week removing the $450 per month threshold to expand coverage of the super guarantee to eligible employees regardless of their monthly pay.

 

Below is a statement from HESTA CEO Debby Blakey:

 

We’ve been calling for the scrapping of the unfair $450 super threshold for more than 10 years, so we welcome the introduction of this legislation. It’s a long overdue and important step that will help improve financial security for the lower paid.

 

The end of the $450 threshold means that many casual and part-time workers no longer miss out on the benefits of super entirely. It’s a key equity measure that super is paid on every dollar earned. 

 

Ends.

 

Media contact:

Sam Riley

General Manager Media Relations

(03) 8660 1684

 

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