Only in Australia The History, Politics, and Economics of Australian Exceptionalism

Ergas, H. and Pincus, J. J. 2014.‘Infrastructure and colonial socialism’in S. Ville and G. Withers (eds.),The Cambridge Economic ...

Serle, G. 1971.The Rush to be Rich: A History of the Colony of Victoria, 1883– 1889. Melbourne: Melbourne University Press. Sout ...

10 We Must All Be Capitalists Now The Strange Story of Compulsory Superannuation in Australia Adam Creighton Australians dwell o ...

Embodying elements that appeal to both the right and left—individual responsibility and state paternalism—and emerging alongside ...

managed DC accounts.^2 By contrast, the USA, Canada, and UK operate pub- licly-funded DB schemes, structurally similar to those ...

62 per cent in 1988 (ABS 2009). By 2007 94 per cent of employees were covered (91 per cent of the workforce—contributions are no ...

of National Insurance’, said conservative Prime Minister Joseph Lyons in 1937.^6 But the greater impetus wasfiscal rather than i ...

For the thirty years after the war occupational superannuation plans (bene- fiting from long-standing tax concessions) grew rapi ...

The elevation of superannuation from obscurity to the forefront of national reform in the early 1980s was thanks largely to the ...

assets in infrastructure and property, sectors with relatively unionized work- forces, as retail funds. 10.3 Australia’s Super S ...

they approach retirement). A maximum of $540,000 over three years can be contributed after tax. Concessional taxation necessitat ...

superannuants aged 60 and over, and they can be accessed as a lump sum, drawn down, annuitized, or some combination thereof. Sco ...

The highly concessional taxation of Australian superannuation is of long standing. The 1915 law establishing federal income tax ...

The freedom afforded fund managers in Australia means funds may not be managed respectfully of members’attitudes to risk. Indeed ...

superannuation has matured, its practicalflaws have cast doubt on both the fiscal and paternalistic arguments that chiefly justi ...

the eligibility criteria by reducing the level offinancial assets at which the age pension would be entirely withdrawn.^21 But i ...

than changing jobs.^23 Recent surveys show almost a third of Australians would rather be given $200 in cash than receive $2,000 ...

household debt ballooned from 50 per cent of disposable income in the early 1990s to 150 per cent. Nevertheless, most econometri ...

the more realistic attempts to estimate preparedness for costs in retirement. Even if some people systematically under-save, a o ...

while governance standards have been tweaked here and there. What might have been a significant change—introduction of fund choi ...