The Business Council strongly endorses the passage of the Government’s legislation to pay superannuation on the paid parental leave scheme, as a key step in closing the super balance gender gap for women.
Business Council Chief Executive Bran Black said it was an important step to support the long-term financial security of women.
“The BCA has long advocated for the Government’s PPL scheme to include superannuation as a key measure to better support women in their retirement,” Mr Black said.
The Business Council says data from the Workplace Gender Equality Agency shows that 81 per cent of companies that offer paid parental leave also pay superannuation as part of their entitlement.
“This reform should be part of a broader strategy to further boost female participation and secure real wages increases.”
The BCA’s pre-budget submission urges for further reforms to support women impacted by time out of the workforce.
