ASFA, the voice of superannuation in Australia, is beaming with pride as it welcomes the introduction of legislation into Parliament mandating superannuation contributions on government Paid Parental Leave. This reform is a crucial step towards closing the gender gap in retirement savings and ensuring more equitable outcomes for all Australians.
ASFA CEO Mary Delahunty couldn’t be more excited, likening the legislative move to the arrival of a long-awaited bundle of joy, especially during a week that spotlights the ongoing fight for gender pay equity.
“This legislation is more than just a victory for fairness – it’s an acknowledgment of the sacrifices so many women make for their families.”
“For too long, women have carried the burden of reduced superannuation simply because they took time out to care for others. These caring roles contribute meaningfully to the economy but come at a cost of dignity in retirement, mainly for women. As we observe Equal Pay Day this week, this legislation sends a powerful message: caregiving is valued, and financial security in retirement is a right.”
“It’s about time we delivered this little bundle of fairness, and we couldn’t be happier, Ms Delahunty said.”Ms Delahunty reflected on ASFA’s enduring commitment to advocacy for reforms that not only enhance the retirement savings of women but promote broader financial equality.
“The timing of this legislative milestone, coinciding with the week of Equal Pay Day, reminds us all of the work still needed to achieve true gender equity. But today, we celebrate a significant step forward. This is a major milestone for the tireless campaigners in the superannuation community,” said Ms Delahunty.
ASFA looks forward to the swift passage of this legislation and stands ready to work in collaboration with government and industry to ensure its benefits are fully realised by all Australians.
For further information, please contact ASFA Media team: 0451 949 300
About ASFA
ASFA, the voice of super, is the peak policy, research and advocacy body for Australia’s superannuation industry. It is a not-for-profit, sector-neutral, and non-party political, national organisation. ASFA’s mission is to continuously improve the superannuation system, so all Australians can enjoy a comfortable and dignified retirement.
