The House of Representatives has passed legislation on the gradual increase of compulsory superannuation contributions from 9% to 12%.
The legislation also includes measures to remove the current age limit of 70 on superannuation guarantee payments as well as removing superannuation contributions tax for people earning $37,000 or less per annum.
Most of the measures are expected to take effect from 1 July 2013.
The House of Representatives has passed legislation on the gradual increase of compulsory superannuation contributions from 9% to 12%.
The legislation also includes measures to remove the current age limit of 70 on superannuation guarantee payments as well as removing superannuation contributions tax for people earning $37,000 or less per annum.
Most of the measures are expected to take effect from 1 July 2013.
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