Raven HR’s Post

🚨 Changes to parental leave Recently, the Senate passed the Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Bill 2024. New mothers and fathers will have their superannuation topped up by the federal government when they are taking time off to care for their newborn. The recently passed bill provides superannuation on top of government-funded paid parental leave. It has been introduced to federal parliament in an attempt to lower the gender gap for retirement savings. ⏰ What’s changing and when? From July 2025, 12% superannuation will be paid to parents who are using paid parental leave, which is expected to benefit 180,000 families. It is expected new parents will receive $3,000 in super over the length of their leave, which will expand to six months from 2026. The social services minister, Amanda Rishworth, said the laws would boost gender equality and bolster the economic security of women: She said: “Women make up the majority of primary caregivers in this country, leading to what has been referred to as the motherhood penalty, where they face greater economic insecurity because of time out of the workforce to care for children.” To read the full article, I’ll put the link in the comments. Raven HR #HR #IR #Consulting #Outsourcing