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Government urged to consider policy for super savers, not super spenders

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WITH wage levels in the nation’s resource industry currently nearly double the national average, the Federal Government finds itself in the unique position of having both resource industry employers and unions considering the merits of making policy changes to allow greater savings by workers in the industry.

Steve Knott, Chief Executive of resource industry employer group, AREEA, said employers and unions at the AREEA 2011 National Conference had discussed the potential benefits that could arise for resource industry employees in the event the superannuation contributions threshold was increased.

“At present, workers in the resource industry are receiving some of the highest levels of remuneration being offered to Australian workers,” Mr Knott said.

Download Media Release here.

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