delete Superannuation (Eligible Employees) Regulations (Amendment)
Amendment to superannuation regulations expanding or adjusting the definition of 'eligible employees' subject to compulsory employer superannuation contributions under the Superannuation Guarantee regime.
Mandatory superannitance violates freedom of contract and forces a particular savings instrument on employers and employees against their mutual consent. It adds significant compliance costs, distorts labor market incentives by increasing fixed employment costs, and reduces wage flexibility—hurting low-skilled and youthful workers most. The paternalistic assumption that individuals cannot plan their own retirement leads to misallocation of capital and undermines private property rights. The unseen effects include reduced hiring, substitution toward automation, and suppression of wage growth to offset mandated contributions.