delete Superannuation Guarantee (Administration) Amendment Regulations 2005 (No. 2)
Amends the Superannuation Guarantee (Administration) regulations, modifying administrative requirements for employer superannuation contributions including reporting, calculation, and compliance procedures.
Compulsory superannuation violates individual liberty and contractual freedom, raising labor costs and creating administrative burden. The amendment adds regulatory complexity that disproportionately harms small businesses and rural employers. Unseen consequences include reduced take-home pay, decreased employment opportunities, and distorted labor market incentives that undermine prosperity and competitiveness.