Superannuation is too important for populism

September 11, 2026 — 12:44pm

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Australian workers have amassed an impressive pile of retirement savings.

The nation’s superannuation pool has reached $4.8 trillion and is forecast to hit $8 trillion by the end of this decade.

Since its introduction in the early 1990s, compulsory super has become a cornerstone of Australia’s economic architecture. Most Australians view it as an essential pillar of financial security in retirement. But as the pool grows, the politics of superannuation is becoming increasingly contested.

This week, One Nation proposed a radical change to the retirement savings system; under its plan, those who rent or pay a mortgage would be able to take a quarter of their compulsory super contributions as take-home pay for up to three........

© Brisbane Times