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The Australian superannuation framework : implications for retirement savings

Ntalianis, Michael and Wise, Victoria 2010, The Australian superannuation framework : implications for retirement savings, Global business & economics anthology, vol. 2, no. 1, pp. 54-64.

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Title The Australian superannuation framework : implications for retirement savings
Author(s) Ntalianis, Michael
Wise, Victoria
Journal name Global business & economics anthology
Volume number 2
Issue number 1
Start page 54
End page 64
Total pages 11
Publisher The Business & Economics Society International
Place of publication Worcester, Mass.
Publication date 2010-12
ISSN 1553-1392
Summary The provision of retirement income has become a challenge for governments across the world. The population is ageing as a result of lower mortality and fertility rates: this places financial stress on government budgets as welfare spending increases, further compounded by a proportional reduction in working-age taxpayers. The Australian government has introduced a compulsory superannuation charge on employers to assist retirement savings. Even though savings in superannuation have increased significantly over the years, many will still have insufficient savings to fund their retirement. Recent changes to the superannuation framework have emphasised the importance the government places on supporting future generations of Australians in retirement.
Notes Reproduced with the kind permission of the copyright owner.
Language eng
Field of Research 160510 Public Policy
Socio Economic Objective 910109 Savings and Investments
HERDC Research category C1 Refereed article in a scholarly journal
HERDC collection year 2010
Copyright notice ©2010, Business & Economics Society International
Persistent URL http://hdl.handle.net/10536/DRO/DU:30032237

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