23 July 2006

75 Days of Super Silence: Beazley refuses to support boosting retirement savings for women

It’s now been 75 days since the Federal Budget and astonishingly, Kim Beazley still refuses to support the Government’s superannuation reform package.

On 10 April 2006 Kim Beazley said with regard to retirement savings: “The needs of the self-employed should also not be forgotten.”

The Government has delivered a plan to extend the successful co-contribution scheme to the self-employed on low and middle incomes from 1 July 2007.

But Kim Beazley still refuses to back this reform.

Significantly, the Australian Bureau of Statistics estimates that 31% of self-employed Australians are women.

Thousands of Australian women on low and middle incomes have already accessed the Government’s co-contribution scheme. 58% of the co-contribution payments made in the first quarter of 2006 were to women – a total of $76.7 million.

Why won’t Kim Beazley support the extension of the co-contribution scheme to the self-employed?

Why won’t Kim Beazley support the thousands of self-employed women on low and middle incomes from gaining access to the Government’s co-contribution scheme?

After 75 days Australians still don’t know where Kim Beazley stands on superannuation.