superannuation

Although the Superannuation Guarantee (SG) is mandated by the Federal Government, it isn't classified as a tax because it isn't paid to the Government...

In all other respects, however, Australia's federally mandated, employer-funded 9% superannuation contribution is equivalent to a federally-FUNDED 9% contribution (whereby the highest-paid workers get the biggest subsidies to their saving), financed by a 9% federal payroll tax (which is regressive and inefficient...)...