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In August, the Federal Government introduced the Paid Parental Leave Bill into the House of Representatives.

If passed, this legislation will ensure that superannuation is paid on all Government Paid Parental Leave from 1 July.

The payment of superannuation for those on Paid Parental Leave was announced in March alongside the launch of the National Strategy for Gender Equality

The SDA and the broader union movement campaigned for these measures because of the need to improve women’s workforce participation and retirement incomes.

On average, women retire with about 25% less superannuation than men.

This is a huge step towards achieving gender equality, reducing the gender pay gap and will make a genuine difference to the retirement savings of women.