HESTA says tax the rich to pay for parental leave contributions

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HESTA says tax the rich to pay for parental leave contributions
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Australian women currently retire with 42 per cent less in super, but taxing large balances more could release funds to be deployed into super on parental leave.

“Fundamental to any objective should be a focus on a super system that’s equitable and sustainable for all Australians,” Ms Blakey said.

She said Australia’s superannuation system had a “persistent gender blind spot” that needed to be addressed.“The issue of female participation and closing the gender gap was absolutely front and centre [“And also, there was a very big focus on those who work in the care economy. Our recommendations bring both of those together and really deal with that gender blind spot.

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