Super increase not business levy, factored into wages
22/03/2012 - Workplace Relations Minister Bill Shorten insists a lift in the superannuation guarantee is not a tax on employers.
He also rejects claims workers will have to pay for increased super contributions through a reduction in pay.
Business has complained that an increase from 9 to 12 per cent will cost employers $20 billion a year.
Shorten says the money will come from "deferred wage increases" worked out between employers and employees during wage negotiations.
"This is not a tax on business," he told ABC Television on Thursday.
The increase would be phased in through "reasonable instalments" over seven years.
"This means employees and employers have time to adjust and take the increase into account in future wage negotiations," he wrote in The Australian.
Shorten rejected as "another fallacy" claims that increasing superannuation meant a reduction in wages.
The truth was that superannuation was part of an employee's total remuneration.
"So, an increase in super means an increase in remuneration or wages by another name."
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