Despite calls to introduce compulsory superannuation payments for parents on parental leave, the Department of Social Services has said it has not met with advocacy group Women in Super about the proposal.
Senator Larissa Waters asked the department during a Senate Estimates Committee hearing on whether it had met with the group regarding the Women in Super’s Make Super Fair campaign in October.
Waters also asked if it had prepared any advice to the Minister or Treasurer regarding super payments on parental leave.
The department answered the question on notice in December and said: “The department regularly provides advice on a range of issues related to Paid Parental Leave, including policy options, payment rates, cohort analysis and commentary on analysis undertaken by research and other organisations”.
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.