Australian employers concerned over pension increases

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AUSTRALIA - Businesses are growing increasingly concerned that they will be forced to fund another A$23bn (US$20.5bn) in compulsory superannuation payments.

A pre-election survey by the Australian Chamber of Commerce and Industry (ACCI) of its members on a proposed rise in the employer levy for retirement payments from 9% to 12% of payroll found 96.6% ...

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Chris Panteli

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