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Thursday, 10 February 2022

Hundreds of thousands of Australians will be better off in retirement after Parliament this afternoon passed legislation removing the income threshold for superannuation payments. 

Aware Super Chief Executive Officer Deanne Stewart welcomed the removal of the $450-per-month superannuation guarantee threshold, saying it was a win for part-time and casual workers with low incomes – particularly women.

From July 1, all employees aged 18 and over will have to be paid superannuation, regardless of how much they earn. 

At the moment, employers do not have to pay super to employees who earn less than $450 per month. Even those employees who work multiple part-time or casual jobs – and earn more than $450 in a month as a result – are not entitled to super payments.

Ms Stewart said Aware Super had been advocating for the threshold to be removed for some time.

“This change has been a long time coming so we’re delighted it’s finally locked into law,” she said. 

”The threshold was arbitrary and illogical. It punished hundreds of thousands of low-income Australians in part-time and casual work – including young people finding their feet in the workforce and casual employees in the gig economy – short-changing them of valuable retirement savings.

”It was especially harmful for women, who are much more likely than men to have part-time and casual jobs. About 300,000 Australians have been missing out on super because of the threshold, and almost two thirds of those are women.

“Women typically retire with far less super than men, and are far more likely to retire in poverty. While there are many reasons for this – including some deeply-entrenched structural issues – removing the $450 threshold is clearly a step forward. 

“Australia’s superannuation system is among the best in the world, but there’s room for improvement and this reform does just that. We commend the Government for introducing the legislation to remove the threshold, and Parliament for seeing it through.

”Of course, there are more steps Australia must take to improve the system and to close the gender superannuation pay gap, such as legislating for super to be paid on parental leave, and improving the accessibility and affordability of childcare to help more women back into the workforce. We’ll continue to advocate for these and other important initiatives.” 

For media enquiries, contact:

Peter Taylor, External Communications Specialist

t:  0487104313


Note to Editors

Previously known as First State Super, we changed our name to Aware Super in September 2020.

Aware Super is a name that reflects our members and what we stand for. It echoes the strengths of our past, aligning to our purpose to be a force for good in superannuation, retirement, and advice, driving better outcomes for our members, their families, and communities. 

Aware Super has been the fund for people who value community since 1992, and we’re now one of Australia’s largest funds and continuing to grow. We merged with VicSuper and WA Super in 2020 and now manage $155 billion in savings for more than 1 million members located across the country.

Our members work in roles that breathe life into their communities and they expect us to do the same. So, we invest in assets that we believe will make a positive difference today – improving our communities, building a more a sustainable economy and supporting employment both locally and globally at the same time as providing strong long-term returns. 

Discover how we’re helping members do well financially while doing good in the world: Visit