Superannuation will continue to be part of Australia's industrial relations system under the Rudd Government.
The Howard Government had planned to remove superannuation under its Work Choices legislation.
"We believe workers have the right to bargain and be protected. The award system provides this safety net," Superannuation and Corporate Law Minister Nick Sherry told the Conference of Major Superannuation Funds in Brisbane yesterday.
The Government will begin its review in June to simplify the industrial relations system and establish basic award entitlements.
While the Government will look at simplifying the industrial relations system, superannuation will be part of the 10 basic award conditions.
"Awards will have the ability to safeguard superannuation requirements, such as frequency of payments, minimum thresholds and a default fund system," Sherry said.
Sherry also reaffirmed the Government's commitment to delivering its promised tax cuts.
"I can understand the economic argument for putting part of the tax cuts into superannuation. But fair go, many workers need these cuts to pay for costs such as petrol and mortgages. Kevin [Rudd] is tough on meeting this commitment," he said.
