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Govt confirms SG delay, kills LICS

The Government has confirmed it will delay the increase in the compulsory superannuation contributions to 12% and that it will abolish the Lower Income Contribution Scheme.

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Read more: SuperannuationGovernmentISASGAustraliansFSCLICSLower Income Contribution SchemeBill 2013Financial Services CouncilGovtIndustry Super AustraliaJohn BrogdenJuly 2016July 2019July 2021LISCLow Income Earners ConcessionMinerals Resource Rent Tax