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Abbott Government entrenches gender inequality of superannuation

Media Release
Larissa Waters 15 Jul 2014

The Australian Greens have moved a second reading amendment to the mining tax repeal bill in the Senate to oppose the Abbott Government’s abolition of the Low Income Super Contribution, which will disproportionately impact women.

“Yet again the Abbott Government wants to sacrifice the most vulnerable in our society for the big end of town by trying to abolish the Low Income Super Contribution through its repeal of the mining tax,” Senator Larissa Waters, Australian Greens spokesperson for women, said.

“Abolishing the Low Income Super Contribution would deplete the retirement savings of one in every three Australians, one in every two working women and 80 per cent of women working on a casual or part time basis.

“The Abbott Government is entrenching the gender inequality of superannuation and forcing women into poverty in their old age.  

“Women on average already retire with roughly half the amount of superannuation of men, due to the gender pay gap and unpaid caring work.

“The Low Income Super Contribution was a hard-fought win to address this shameful inequality and now the Abbott Government is trying to tear it up in its kowtow to the mining industry.

“The Greens will also move a substantive amendment in the committee stage to block Tony Abbott’s abolition of the Low Income Super Contribution.

“With the support of other Senators, we will be able to stop the loss of this crucial support for women and low income earners,” Senator Larissa Waters said.

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