In the 1980s, a compulsory national superannuation
scheme was gaining momentum as a policy approach.
Lifting the national Superannuation
Guarantee from the current 9% to 12% means the average 30-year-old woman would retire with $108,000 more superannuation.
It will help to harness our national superannuation
savings so we can domestically fund more productive investment in our economy, via both the banking system and the corporate sector, reducing our reliance on offshore wholesale funding markets.
Committee of Enquiry (1976) A National Superannuation
Scheme for Australia: Final Report of the National Superannuation
Committee of Enquiry, Australian Government, Canberra.
1983) Income in Old Age: Is National Superannuation