Greens move for Senate inquiry into women’s superannuation savings

Greens industrial relations spokesperson Adam Bandt MP today applauded ANZ’s move to pay its women employees more super and said the Greens will move for a Senate inquiry into their bill to boost superannuation for women across the country.

“Today’s announcement by the ANZ is a huge win for their women employees,” Mr Bandt said.

“On average, women have $44,000 in their super account, compared to $82,000 for men. This is an extreme level of inequality and ANZ is doing the right thing by trying to change this for their employees.”

“But not every company can afford the measures that ANZ undertook to ensure they weren’t opening themselves up to legal challenges for paying their women employees more super than their male employees.”

“The Greens want all women to have an equal future. We will move to send our Boosting Super for Women Bill to a Senate inquiry for an Australia-wide look at the problem of women retiring without enough money. If our bill passes, all companies, regardless of their size, can take risk-free steps to equal up the super balance for women.”

Media contact: Adam Pulford, 0429 109 054