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Superannuation is a tool for the wealthy

November 21, 2018 - 12:30 -- Admin

By Leith van Onselen The ABS yesterday released the below chart showing the disproportionate superannuation benefits received by high income earners: Superannuation benefits received are recorded as a memorandum item of the household income account. Superannuation benefits received in the ASNA are treated as financial transactions of households and are not recorded as income; instead

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