Superannuation at what cost?



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In 1981, about a decade before superannuation became compulsory in Australia, CEDA released an information paper titled Superannuation – at what cost?
In Superannuation - at what cost? the objective of superannuation was generally seen as being to provide for the financial needs of members once they stopped working, although there were concerns about generous taxation concessions incentivising savings for tax minimisation purposes rather than retirement.

The paper concluded that the future of superannuation schemes would depend on government superannuation taxation policy, foreseeing a move towards removing some of the concessions that existed then in order to promote greater coverage.

 

Contents

 

Page

Foreword

2

Section I

3

  • The purpose of superannuation

3

  • Coverage

3

  • Essence of the debate

3

Section II

6

  • Major issues in the 'super debate'

6

  • Responsibility for the Control and Administration of Superannuation Funds

6

  • The level of benefits

8

  • Vesting

8

  • Portability

10

Section III

12

  • The Future

12

  •  A complex issue

12

  • Taxation and superannuation scheme

12

  • The public service vs. other schemes

13

A national superannuation scheme

14

Conclusion

14

Appendix - Address by Senator Don Grimes, Shadow Minister for Social Security

16

 

Read Superannuation - at what cost?

 

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