Australian Politics Forum - Labor Promises Super Boost For Young Workers

whiteknight

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Labor Promises Super Boost For Young Workers
Jul 24^th, 2026 at 7:35am

Labor promises superannuation boost for young Australian workers

The change is likely to draw criticism from some small business owners, who will effectively be forced to pay a 12 per cent pay increase to teenagers.

News.com.au
July 24, 2026

Employers will be forced to pay teenagers superannuation regardless of their working hours under big changes endorsed at the ALP conference.

The Albanese Government will now move to scrap existing laws that currently mandate younger employees work more than 30 hours a week to qualify for super.

The change is likely to draw criticism from some small business owners, who will effectively be forced to pay a 12 per cent pay increase to teenagers.⁠

Under the change, the ALP platform will now state that superannuation must be paid to “all workers, including those under 18 and regardless of how they are engaged, can accumulate superannuation on every dollar earned”.

Anthony Albanese kicked off the ALP’s 50th national conference in Adelaide today with a campaign-style speech that took aim at Pauline Hanson’s One Nation.

The Prime Minister received a standing ovation during his speech, in which he promised to offer “real change that makes a real difference” and warned One Nation couldn’t deliver a credible government.

Mr Albanese also pledged to create a new Fair Work Court to provide “simpler, fairer and faster justice” for workers.

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Captain Nemo Gold Member Online Australian Politics Posts: 16139 Melbourne Gender:	Re: Labor Promises Super Boost For Young Workers Reply #1 - Jul 24^th, 2026 at 8:13am A guaranteed 12% rise in prices.
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Grappler Racist Filth

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Re: Labor Promises Super Boost For Young Workers
Reply #2 - Jul 24^th, 2026 at 8:55am

A guaranteed 12% rise in prices... runaway inflation - and hidden inflation - the bits they don't like to talk about - such as home ownership - slip further away..... while the RBA chortle about how best to preserve the true dollar profits for the banks...

This kind of quack economics does not work.

BTW - got six numbers in Powerball last night... $500 ... it's a win.

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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lee

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Re: Labor Promises Super Boost For Young Workers
Reply #3 - Jul 24^th, 2026 at 1:47pm

whiteknight wrote on Jul 24^th, 2026 at 7:35am:

The change is likely to draw criticism from some small business owners, who will effectively be forced to pay a 12 per cent pay increase to teenagers.

And then of course the increased cost of compliance on small business owners. Calculate and pay within 7 days. Increased costs.

But hey you can run a small business in Australia if you start with a big business. Roll Eyes

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thegreatdivide

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Re: Labor Promises Super Boost For Young Workers
Reply #4 - Jul 24^th, 2026 at 4:16pm

Grappler Racist Filth wrote on Jul 24^th, 2026 at 8:55am:

A guaranteed 12% rise in prices... runaway inflation - and hidden inflation - the bits they don't like to talk about - such as home ownership - slip further away..... while the RBA chortle about how best to preserve the true dollar profits for the banks...

This kind of quack economics does not work.

BTW - got six numbers in Powerball last night... $500 ... it's a win.

The result of forcing governments to require the private sector to fund workers' retirement.

Note: currency-issuing governments, by definition, don't need "taxpayer money"...but Neoclassical economists with their monetary delusions have you all by the short and curlies...

https://publicmoneypublicgood.net/

Congrats on the win. (...tax free....).

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lee

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Re: Labor Promises Super Boost For Young Workers
Reply #5 - Jul 27^th, 2026 at 1:48pm

Jim promises to take it all away -

" Super funds invest in projects that achieve a minimum return to justify the risk and meet regulatory benchmarks, such as the superannuation performance test.

The federal government is currently reviewing the annual test, which was introduced five years ago to protect Australia’s retirement savings and hold trustees to account for underperformance.

…

“Renewable energy infrastructure is a younger infrastructure asset and importantly, the policy environment around renewables continues to change.

“As a result, it becomes riskier or is seen to be riskier by many super funds and really needs a different approach.”

…

Treasurer Jim Chalmers said the performance test was here to stay and any reforms would not water it down.

…

Less than 10 per cent believe Australia is on track to achieve its 82 per cent renewable electricity target by 2030.

“We have high construction costs, particularly for wind; we have long planning processes that take a lot of time and money to work through, we have delays in transmission,” CEIG CEO Richie Merzian said.

“On top of all that, the federal government is now introducing a new capital gains tax on international investors as well, who make up the lion’s share of investors right now.”

…"

https://www.abc.net.au/news/2026-07-26/superannuation-renewable-energy-investment-funding-gap/106842116

"Don't worry about risk, it is all good." Roll Eyes

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LNP never again Gold Member Offline Australian Politics Posts: 2031 Gender:	Re: Labor Promises Super Boost For Young Workers Reply #6 - Jul 29^th, 2026 at 10:43pm Inflation down just today , well done labor
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Jasin Gold Member Offline Posts: 57038 Gender:	Re: Labor Promises Super Boost For Young Workers Reply #7 - Jul 30^th, 2026 at 7:25am RBA looking to raise its rates after inflation drop.
Back to top	AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY. IP Logged