Cost of Superannuation for Employers

Apr 2, 2012

Q. In the next two years employer superannuation payments will increase by 0.25% per year, and then by 0.5% each year up to 2019 when it reaches 12%. Do you agree or disagree that these increases are reasonable and affordable for employers or should employees bear the cost by accepting lower pay rises?

 

Total

Vote Labor

Vote Lib/Nat

Vote Greens

This is a reasonable and affordable cost for employers

58%

68%

50%

62%

Employees should bear the cost by accepting lower pay rises

19%

12%

26%

14%

Don’t know

23%

20%

23%

24%

58% think that the yearly superannuation increases are a reasonable and affordable cost for employers and 19% think employees should bear the cost by accepting lower pay rises.

Those most likely to think the increases are a reasonable and affordable cost for employers were aged 25-44 (67%), full-time workers (66%) and those earning over $1,0000pw (64%).

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Important Decisions

Dec 12, 2011

Q. Which of the following decisions made by the Federal Labor Government since they were elected do you think is most important for Australia’s future? And which is second? And which is third?

First Second Third Total
The mining tax on large profits 17% 18% 13% 48%
Addressing climate change with the carbon tax 19% 11% 13% 43%
Increase compulsory superannuation to 12% 17% 13% 12% 42%
Provide 18 weeks paid parental leave 7% 6% 7% 20%
Childcare rebate increased from 30% to 50% 4% 7% 6% 17%
Allow Labor politicians to have a conscience vote on same-sex marriage 4% 6% 5% 15%
Allow the export of uranium to India 4% 5% 4% 13%
Gambling reforms which require poker machine players to set a limit on losses. 3% 5% 5% 13%
Plain packaging for cigarettes 3% 4% 5% 12%
None of them 13% 3% 3% 13%
Don’t know 8% 1% 2% 8%

The three most important decisions made by the Government were the mining tax, the carbon tax and the increase in compulsory superannuation.

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Opinion of Government Decisions

Oct 24, 2011

Q. Thinking about some of the major decisions the Federal Government has made over recent years, do you think the following decisions have been good for Australia or bad for Australia?

Total good Total Bad Very good Good Neither good nor bad Bad Very bad Don’t know
Introducing the GST 39% 30% 10% 29% 24% 17% 13% 7%
Privatising Qantas 23% 44% 4% 19% 20% 31% 13% 13%
Privatising Telstra 20% 53% 4% 16% 16% 32% 21% 10%
Privatising the Commonwealth Bank 26% 42% 7% 19% 19% 25% 17% 13%
Floating the dollar 46% 11% 13% 33% 22% 7% 4% 21%
Free trade agreements 41% 21% 11% 30% 21% 13% 8% 18%
Compulsory superannuation 79% 7% 42% 37% 10% 4% 3% 5%
Medibank (now Medicare) 76% 6% 38% 38% 12% 4% 2% 6%

Only the Government decisions to introduce compulsory superannuation (79%) and Medibank (76%) were considered good for Australia by a majority of respondents – although opinions of floating the dollar (46% good/11% bad), free trade agreements (41%/21%) and the GST (39%/30%) were more likely to be positive than negative.

The decisions to privatize three major national enterprises were more likely to be considered bad. Although Labor voters were more negative about privatisations, Liberal/National voters were also more likely to describe them bad for Australia – Qantas 47% bad/34% good, Telstra 49%/29% and Commonwealth Bank 38%/36%.

47% of Labor voters thought the introduction of the GST was bad while 50% of Liberal/National voters thought it was good.

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Reversing Past Government Decisions

Oct 24, 2011

Q. Would you support or oppose the Federal Government taking any of the following decisions

Total support Total oppose Strongly support Support Oppose Strongly oppose Don’t know
Abolishing the GST 35% 43% 14% 21% 24% 19% 21%
Buying back Qantas 43% 34% 13% 30% 23% 11% 22%
Buying back Telstra 47% 33% 16% 31% 22% 11% 20%
Buying back the Commonwealth Bank 41% 36% 13% 28% 24% 12% 23%
Regulating the dollar 32% 36% 10% 22% 22% 14% 32%
Increasing trade protection 59% 20% 20% 39% 13% 7% 21%
Making superannuation voluntary 24% 64% 9% 15% 26% 38% 13%
Privatising Medicare 11% 74% 4% 7% 26% 48% 17%

When asked whether these decisions should be reversed, 59% supported increasing trade protection and 47% supported buying back Telstra. There was very strong opposition to privatizing Medicare (74%) and making superannuation voluntary (64%). No other issues had clear majority support or opposition.

Liberal/National voters supported buying back Telstra (47% to 39%), were split on Qantas (43%/41%), but opposed buying back the Commonwealth Bank (39%/44%).

Although Coalition voters were more likely to think free trade agreements were good for Australia (41%/25%), they were also more likely than Labor voters to support increasing trade protection (64%/19%) – 59% of Labor voters supported more trade protection and 21% opposed.

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Government Decisions and Policies

Aug 29, 2011

Q. Thinking about what the Labor Government has done over the last few years, do you approve or disapprove of the following Government actions?

Total approve Total disapprove Strongly approve Approve Disapprove Strongly disapprove Don’t know
Increased funding of health services 89% 5% 42% 47% 3% 2% 6%
Increasing the age pension 78% 14% 34% 44% 8% 6% 8%
Increasing superannuation to 12% 75% 13% 28% 47% 9% 4% 12%
Managing the economy to keep unemployment and interest rates low 70% 21% 21% 49% 12% 9% 10%
Spending on new school buildings 68% 24% 19% 49% 15% 9% 8%
Introducing a national disability insurance scheme 63% 13% 18% 45% 9% 4% 24%
Stimulus spending to tackle the GFC 61% 28% 21% 40% 15% 13% 11%
Paid parental leave 60% 30% 19% 41% 17% 13% 10%
Introducing a tax on large profits of mining companies 58% 29% 27% 31% 16% 13% 13%
Building the NBN (National Broadband Network) 54% 34% 19% 35% 17% 17% 12%
Stopping live cattle exports until welfare concerns were addressed 53% 34% 24% 29% 17% 17% 12%
Abolished WorkChoices 51% 33% 23% 28% 21% 12% 16%
Sending asylum seekers to Malaysia 39% 45% 17% 22% 20% 25% 16%
Introducing a carbon tax to tackle climate change 33% 53% 15% 18% 14% 39% 14%

Government decisions and policies with highest approval were increased funding of health services (89% approve), increasing the age pension (78%) and increasing superannuation to 12% (75%).

Only two of the actions listed received less than majority approval – sending asylum seekers to Malaysia was 39% approve/45% disapprove and introducing a carbon tax to tackle climate change was 33% approve/53% disapprove.

Labor voters showed majority approval of all decisions and policies, Greens voters showed majority approval for all except sending asylum seekers to Malaysia (21% approve/63% disapprove).

Liberal/National voters approved of half the items listed – increased funding of health services (89% approve), increasing the age pension (79%), increasing superannuation to 12% (71%), managing the economy to keep unemployment and interest rates low (54%), spending on new school buildings (54%), introducing a national disability insurance scheme (60%) and paid parental leave (52%).

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Awareness of Superannuation Plan

May 23, 2011

Q. The Federal Government is proposing to increase superannuation payments from nine per cent to 12 per cent by 2019-20. How much have you heard about this proposal?

Total Vote Labor Vote Lib/Nat Vote Greens
A lot 4% 4% 4% 2%
Something 13% 15% 13% 17%
A little 27% 25% 32% 28%
Nothing 53% 54% 50% 53%
Don’t know 3% 2% 1%

There was low awareness of the Government’s proposal to increase superannuation payments from nine per cent to 12 per cent by 2019-20 – only 17% say they have heard a lot or something about it.

22% of full-time workers and 16% of part-time workers have heard a lot/something about it.

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Support for Superannuation Plan

May 23, 2011

Q. Based on what you know, do you support or oppose the proposal to increase superannuation payments from nine per cent to 12 per cent by 2019-20?

Total Vote Labor Vote Lib/Nat Vote Greens
Total support 69% 77% 67% 78%
Total oppose 13% 8% 20% 4%
Strongly support 21% 27% 17% 30%
Support 48% 50% 50% 48%
Oppose 10% 7% 15% 4%
Strongly oppose 3% 1% 5%
Don’t know 18% 14% 13% 18%

69% support the proposal to increase superannuation payments from nine per cent to 12 per cent by 2019-20 and 13% oppose.

75% of full-time workers and 69% of part-time workers support the proposal.

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Party Best at Handling Issues

Nov 8, 2010

Q. Between Liberal and Labor, which party do you think would be best at managing each of the following issues?

  Labor Liberal No difference Don’t know Labor-Liberal difference
Improving wages for low income earners 34% 20% 34% 13% +14
The age pension 27% 23% 37% 13% +4
Executive salaries 22% 20% 44% 14% +2
Unemployment 24% 25% 38% 13% -1
Regulation of large corporations 21% 24% 41% 14% -3
Affordability of housing 19% 24% 44% 13% -5
Jobs going overseas 18% 24% 44% 14% -6
Superannuation 18% 27% 40% 15% -9
Petrol and energy prices 16% 26% 45% 13% -10
Regulation of banks 19% 29% 39% 14% -10
Interest rates 17% 30% 41% 13% -13
Food prices and inflation generally 18% 31% 38% 13% -13
Taxation 18% 32% 37% 13% -14
Government debt 15% 42% 31% 12% -27

The only substantial lead for the Labor Party is on improving wages for low income earners (34% to 20%).

 Liberal Party strengths are in managing Government debt (42%/15%), taxation (32%/18%), food prices and inflation (31%/18%) and interest rates (30%/17%).

Although overall opinions are closely related to voting intention, the Liberal Party generally performs better among its voters than the Labor Party does with its voters. On Government debt Labor voters split 35% Labor/14% Liberal/42% no difference and on petrol and energy prices 37%/2%/50%. Comments »

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