Australian women were underpaid $1.3 billion in superannuation over 12 months thanks to a little-known law from the 1990s. 7NEWS
About one in five women did not receive the full amount ofowed to them in the 2019-2020 financial year, according to a new report from Industry Super.
The report attributes the shortfall to a law introduced in the 1990s that allows employers to pay super quarterly rather than with each pay cycle. Women retire with about a third less super than men on average, which can be attributed to a range of factors, including maternity leave, longer stints of part-time work and the gender pay gap.
Clerical and administrative workers, professional workers and personal services workers in industries like childcare, aged care and nursing were most likely to be underpaid.
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