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11 September 2025 by Adrian Suljanovic

No bear market in sight for Aussie shares but banks face rotation risk

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Over half of Australian funds have closed in 15 years, A-REITs hit hardest

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Are big banks entering a new cost-control cycle?

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Workers prepared to pay for SG hike

  •  
By Christine St Anne
  •  
3 minute read

A Newspoll survey has found people support the superannuation guarantee rise even if they have to pay for it.

More than 50 per cent of workers are prepared to pay for the superannuation guarantee rise (SG) to 12 per cent, according to a poll by the Australian Institute of Superannuation Trustees (AIST).
 
The poll, conducted by Newspoll last week, found that 56 per cent of workers support the rise if it comes out of their wages.

The poll also found that 73 per cent of people backed the SG increase.

"The 12 per cent is a no-brainer. The government supports it, the people want it, and with our ageing population, the nation needs it," AIST chief executive Fiona Reynolds said.

The poll also found that 27 per cent of workers said the proposed changes to super have made them more confident they will have enough super for retirement.

 
 

These superannuation changes also included the superannuation rebate of $500 to workers who earn less than $37,000.

Younger workers, however, were more confident about the changes compared with older workers.

Older workers felt the changes had come too late to make a difference to their own retirement, the survey said.

The average amount of money that people said they needed to have a comfortable retirement was $50,000 per year.
 
"It's time the more alarmist claims about the mining profits tax go real. It's part of a package which will produce a major, long-term reform of Australia's taxation and retirement income systems," Reynolds said.