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Removal of superannuation age cap to be applauded (2011 Media Release)

Discrimination Age Discrimination

Age Discrimination Commissioner, Susan Ryan, said that Assistant Treasurer Bill Shorten’s announcement today, that the age bar for superannuation guarantee contributions would be lifted completely, was a significant achievement in the fight against age discrimination.

“This amendment sends a strong and positive message to older employees, and to their employers, that age should not be a barrier to employment, nor should it be a barrier to equal employee rights and entitlements,” Commissioner Ryan said.

The Assistant Treasurer announced that, from July 1 2013, all employees will receive the superannuation guarantee regardless of their age.

“This decision means that in respect of superannuation, older workers - be they over 75 or over 80 - will have the same rights as all other employees,” Commissioner Ryan said.

“They will have more super to retire on, the government will have a lower age pension bill, and productivity will grow as older workers are encouraged to continue in their jobs,” said Ms Ryan.

Commissioner Ryan said the federal government had previously announced it would lift the bar from its present cap of 70 years of age, to 75.

“Now, as a result of representations to the federal government, including those from seniors’ bodies and myself, speaking for the Australian Human Rights Commission, the bar is to go completely, which is extremely welcome news,” said Ms Ryan.

Commissioner Ryan said that she expected this amendment to the Superannuation Guarantee (Administration) Act 1992 would have a smooth passage through the parliamentary process.

Media contact: Brinsley Marlay (02) 9284 9656 or 0430 366 529