Grattan Institute

A brief history of superannuation

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Synopsis

Earlier in July, Australia’s compulsory superannuation system turned 30 years old. Alongside Medicare – Australia’s universal health insurance scheme - superannuation is held up as one of the key economic and social reforms of the Hawke-Keating Labor governments of the 1980s and early 1990s. Join Brendan Coates, Economic Policy Program Director, Joey Moloney, Senior Associate, and special guest, Emily Millane, Senior Fellow the Melbourne Law School at the University of Melbourne, as they celebrate the 30th birthday of compulsory super. They ask how superannuation first came about, what it’s achieved in the 30 years since the system began, and how to make the system more equitable in the future.