Australia's First University Press

Super

The Policy History of Australia's Retirement Savings Scheme

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The history and future challenges of superannuation in Australia


'I wanted individual workers to have something more than wages alone, an opportunity to access markets. To invest beside the likes of Warren Buffett and not simply be left with a house and a car only, as the Liberal Party always left them.'
Paul Keating

Super tells the improbable origins of Australia's multi-trillion-dollar superannuation system, one of the world's largest private pension schemes. It explores super's nineteenth-century beginnings, dissects its triumphs and failures, and exposes the fierce political battles that created mum-and-dad investors.

Compulsory superannuation is one of Australia's boldest economic and social reforms along with Medicare. It is a masterclass in systemic change amid political turbulence, demonstrating how industrial action filled a space where political activity failed. Over thirty years on, has superannuation achieved the promised retirement security for all, or has it widened divides by gender, race and class? Who pays for superannuation, and who gets left behind?

Super draws on interviews with the key players behind this big economic reform - including former prime minister Paul Keating and former ACTU secretary Bill Kelty - and their ambition to transform Australia's system into one of the best in the world.

PRAISE

'The decision to make superannuation compulsory for Australian workers was one of the most consequential policy innovations in the nation's history. It changed the economy and changed lives. In Super, one of the country's foremost experts on the subject, Emily Millane, explains how we ended up married to super, for better and for worse. She has set a brilliant new standard for Australian policy history.'
Frank Bongiorno, author of The Eighties: The Decade That Transformed Australia


Emily Millane

Emily Millane is a lawyer, policy analyst and researcher. She has worked in research and analysis across the public and private sectors, think tanks and academia. She is a senior fellow at Melbourne Law School.

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