delete Superannuation (Salary) Regulations (Amendment)
These regulations amend the Superannuation (Salary) Regulations, likely modifying definitions of what constitutes 'salary' for superannuation guarantee contribution purposes. Such regulations determine the calculation base for mandatory employer superannuation contributions and may address salary sacrifice, bonuses, and other employment benefits.
Mandatory superannuation itself represents forced allocation of private earnings—anathema to liberty and spontaneous order. These specific regulations, by amending salary definitions, likely expand compliance complexity and the scope of mandated contributions. Rather than allowing individuals to freely allocate their earnings toward retirement or other goals, Australia imposes a system where the state determines contribution rates and investment pathways. The regulation layer adds compliance costs for employers, particularly small businesses, without clear evidence the outcomes justify such coercion. Australians would be better off with the liberty to choose their own retirement savings strategies.