Sentence examples for super systems from inspiring English sources

"You'd expect banks to have these super systems where you simply press a button and out comes what you need.

It knows the proposed reforms will make the super system fairer.

But virtually no one thinks the current super system, with its lavish wealth generation possibilities for the rich, is sustainable.

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It said it wanted the super system to help people most at risk of becoming dependent on the pension in their retirement.

He said other asset classes, such as negatively geared property, were taxed lightly, and that created attractive vehicles for accumulating wealth outside the super system.

But despite the calls for reform, the prime minister Tony Abbott quickly played down the prospect of any imminent changes to the super system.

Turnbull also said one element of his super changes which Mitchell was insisting was unfair was designed to prevent wealthy Australians using a quirk in the super system to deliberately avoid paying income tax.

It claims super savings account for only a small portion – about 15% – of the wealth of most households, because even without counting the family home, the average Australian saves as much outside as inside the super system.

Labor leader Bill Shorten renewed his call on Wednesday for the government to submit its super proposal to an independent review, saying they do not have a mandate to "rip up the super system".

Enshrining the objective of the super system in legislation would "serve as a guide to policy makers, regulators, industry and the community about superannuation's fundamental purpose", the government said.