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.