Submission on Legislating the Objective of Super

Anglicare Australia supports the proposed objective of superannuation in the consultation paper. The proposed definition recognises that superannuation is about providing income for a dignified retirement, not about wealth generation, or accumulation of a nest egg to pass on after death. The inclusion of the concepts of equity and sustainability are in line with Anglicare Australia’s values and advocacy. But there is work to be done to ensure the superannuation system meets this worthy objective, including reforming superannuation taxation concessions and supporting people who do not own their home in retirement.