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SG frozen till 2021, industry 'dismayed'

The Senate has passed legislation that will freeze the superannuation guarantee at 9.5% until 2021, and abolish the Low Income Superannuation Contribution in 2017.

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Read more: SuperannuationSGISALow Income Superannuation ContributionSenateAustraliansIndustry Super AustraliaAssociationAustralian InstituteAustralianSuperBill 2014Finance Minister Mathias CormannFinancial Services CouncilGovernmentIan SilkJohn BrogdenMinerals Resource Rent Tax RepealSuperannuation FundsSuperannuation TrusteesTom GarciaTreasurer Joe Hockey