Laws being tabled in Parliament today that force employers to pay super at the same time as wages could save Aussie workers up to $5.7 billion in unpaid super.
Current legislation only requires super to be paid to employees every quarter, which lobbying groups argue cost Aussies $110 million a week and leaves some people $30,000 worse off upon retirement.
Should the laws pass, they will come into effect on July 1 next year, and supporters of the laws say it will allow Aussies to better track their super, and decrease the chances of it being lost due to the actions and fates of businesses.
"It's really difficult for employees to keep track of whether their employers are up to date with super payments when they're only paid quarterly, especially if their pay varies each week," Erin Delahu