What happened?

On 10 February 2022, the Australian federal government passed the Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 2021.

Amongst other things, the Bill removed the $450 monthly threshold to be earned by workers before employers contributed to their super.

The changes will take effect from 1 July 2022.

Why does it matter?

Previously, Australians who earned less than $450 per month were not entitled to compulsory superannuation payments from their employer.

Compulsory superannuation payments will now begin from 1 July 2022 for an estimated 300,000 low income earners, of which an estimated 63 percent are women.

The impact of this legislation will mean that low-income earners, casual workers, and working parents, usually women, will receive superannuation payments for perhaps the first time, helping them to build retirement savings.

It will also mean that these workers may be entitled to default life and total and permanent disability for the first time.

What can I do if I’m affected?

Know your rights.

If you unsure whether your employer has been paying you compulsory superannuation payments, you are entitled to legal representation and Littles can help you.

Further, if your employer has failed to pay your superannuation payments or has paid them late and this has affected your insurance entitlements, we can also assist.

What is the Littles difference?

Put simply, Littles are experts in superannuation and insurance law matters.

Our insurance team has helped thousands of consumers claim their entitlements, and our Head of TPD and General Insurance has extensive industry knowledge and insight on how to maximise your prospects of success.

We also speak your language, at sixteen languages and counting. Forget paying for a translator or for a lawyer who doesn’t understand you and your cultural background.

All our superannuation and insurance law matters are conducted on a no win, no fee basis, and we don’t charge you upfront for any disbursements necessary to prosecute your claim.

If you would like superannuation and insurance law advice, reach out to Littles today by using our free Claim Checker.

About the author

Littles’ Head of TPD and General Insurance, Rowan McDonald, is an expert in insurance and superannuation law. Rowan has over thirteen years of experience in the industry and has prosecuted thousands of successful insurance claims for consumers.

Having worked in the industry for over a decade, Rowan has an extensive industry contact list and regularly presents to disability support groups, financial industry professionals and multicultural organisations.

Rowan has also advised some of Australia’s top insurers, giving him unrivalled insight into the claim process from all perspectives. Rowan takes a pragmatic and common-sense approach to the advice he provides his clients.

For your free, personal consultation get in touch with Rowan today.

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