Why peak super says One Nation's proposed super pay boost is a "scam" | The Business | ABC NEWS

By ABC News (Australia)

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One Nation is proposing a radical change to the superannuation system that would allow Australians who rent or pay a mortgage to divert a portion of their super payments as salary for up to three years. One Nation leader Pauline Hanson says the change will give Australians who opt in "breathing room" to deal with the cost-of-living crisis. Under the proposal, Australians who pay rent or a mortgage would be given a choice to divert a portion of their superannuation to their take-home pay for up to three years. The full 12 per cent compulsory super contribution would still be paid by employers, but three per cent would be paid directly to the person by the super fund if they opted in. The payments would also remain subject to the concessional tax rate of 15 per cent, rather than the higher personal income tax rate. But the peak body for Australia's $4.3 trillion superannuation industry, the chief executive of the Association of Superannuation Funds Australia, Mary Delahunty said "I think

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