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Low paid women to lose the most from dumping of superannuation rebate

21 November 2013 By ACTU

Sales assistants, checkout operators, receptionists and clerical workers are among workers set to bear the brunt of the Coalition's attack on superannuation.

A Bill, which overturns the superannuation rebate along with the mining tax and other spending measures including the School Kids Bonus and the Regional Development Fund, passed the House of Representatives last night and has now moved to the Senate.

ACTU President Ged Kearney said workers will be negatively affected if this Bill passes the Senate.

"These workers, the majority of who are women, cannot afford a cut to their superannuation savings."

"Just the superannuation aspect of this Bill alone will hurt 3.6 million workers who are set to lose $1 billion each year," she said.

"The majority of these low income earners – 2.1 million – are women who collectively will be $500 million worse off in 2013-14 alone," she said.

"Every other week a new report is released confirming that women are getting paid less, losing opportunities and retiring in poverty."

"It's the Government's role to try and fix this issue not to shrink the retirement savings of workers who already will not have enough."

"There is no doubt that this push will exacerbate what is already an unacceptable situation where women retire on just 64 per cent of a man's retirement savings."

"This is another example of a policy that is against the interests of workers. The Government is making no secret that they will protect big business at the expense of workers."

Ms Kearney said there were large pockets of the workforce who should be deeply concerned about the repeal of the superannuation rebate.

"Unions are very worried about the outcomes for workers under a Government who doesn't think twice about cutting retirement savings for low paid workers and women who have spent their lives juggling work and caring for others."

Occupations that will lose most from the scrapping of the superannuation rebate

The 20 occupations which have the largest number of workers currently benefitting from the Low Income Superannuation Contribution

Occupation

Number of people estimated to lose

Percentage of workforce

1. Sales assistants and salespersons

218,900

45%

2. Checkout operators and office cashiers

146,000

53%

3. Food preparation assistants

93,500

57%

4. Hospitality workers

89,700

35%

5. Cleaners and laundry workers

83,200

35%

6. Receptionists

57,700

32%

7. General clerks

46,700

17%

8. Miscellaneous labourers

42,900

28%

9. Packers and product assemblers

41,700

33%

10. Food trades workers

40,400

35%

11. Child carers

37,000

36%

12. Freight handlers and shelf fillers

33,000

37%

13. Personal carers and assistants

29,500

12%

14. Electricians

25,600

27%

15. Farm, forestry and garden workers

25,300

45%

16. Bricklayers, and carpenters and joiners

25,100

35%

17. Food process workers

24,100

29%

18. Accounting clerks and bookkeepers

22,000

11%

19. Automotive electricians and mechanics

20,300

21%

20. Storeworkers

18,600

18%

 

Media contact: Eleni Hale 0418 793 885

 

Contact Details
Name: Linda White, ASU Assistant National Secretary
Telephone: 03 9342 1400
Email: lwhite@asu.asn.au