Treasury Consultation on the Treasury Laws Amendment (Better Targeted Superannuation Concessions) Bill 2025 (the Bill) and the Superannuation (Better Targeted Superannuation Concessions) Imposition Bill 2025

Submission by the Australian Council of Trade Unions

Overview

The objective of superannuation is to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way for all workers.

Workers understand the purpose of superannuation – to accumulate and preserve their savings to enable them to have a dignified income in retirement.

Superannuation was not designed as, and should not be, a tax haven for those with more than adequate retirement incomes nor a way for the wealthy to receive tax handouts paid for by those with far less wealth.

The Better Targeted Super Concessions proposals align with the legislated Objective of Superannuation and will directly improve the working and retirement outcomes of Australian workers.

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