A discriminatory legal relic that largely denies South Australian under-18-year-olds super contributions could ultimately cost them more than $10,000 at retirement, new research reveals.
About 28,000 of SA’s youngest workers are locked out of the nation’s world class retirement system because they are not entitled to compulsory super contributions, unless they work more than 30 hours a week for the same employer.
New Industry Super Australia (ISA) modelling finds that this law could cost the state’s youngest workers about $26 million in super contributions annually.
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