Australian PM Reconsiders Superannuation Rise

Australian PM Reconsiders Superannuation Rise
Australian Prime Minister Scott Morrison speaks to the media at Parliament House in Canberra, Australia, on July 30, 2020. Sean Davey/Getty Images
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Prime Minister Scott Morrison says he'll be watching what happens with the economy when considering whether to hold off on a rise in the superannuation guarantee.

The guarantee rate is legislated to rise from 9.5 percent to 10 percent in July next year, eventually rising to 12 percent in 2025.