The Labor government’s legislation providing a 12 percent superannuation payment for new parents has successfully passed the Senate without incorporating the amendments proposed by the Opposition.
As per the new Bill, from July 2025, eligible parents with babies born or adopted on or after July 1, 2025, will receive an additional payment, based on the Superannuation Guarantee (12 percent of their Paid Parental Leave payment), which will be contributed to their nominated superannuation fund.
