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Description
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Workers' Capital by Mees, Bernard
ISBN: 9781760295523 PUBLISHER: Allen & Unwin FORMAT: Paperback PAGES: 240 PUBLICATION DATE: 29.03.2017 DIMENSIONS: 23.4 x 15.3 centimetres
DESCRIPTION: Superannuation was once a privilege granted only to company head office staff and career public servants. Now in Australia nearly all workers have access to employercontributed superannuation, and it is a fundamental pillar of Australia's retirement income system.Workers' Capital tells the story of the Australian superannuation revolution led by trade unions in the 1980s. After a series of hardfought industrial campaigns, an enormous financial industry was created, involving hundreds of thousands of employers and covering millions of fund members. From having one of the worst retirement savings systems in the developed world, in three decades Australia had one of the best. Now the funds held in Australian superannuation accounts exceed the entire market capitalisation of all the companies on the Australian Stock Exchange.Drawing on interviews with the key players and extensive archival research, Workers' Capital is the first systematic history of the unique Australian system of industry superannuation.'Startling and informativeI thought I knew a lot about the industry superannuation phenomenon, but this one took me by surprise. For a topic so important, a real pageturner.'Gerard Noonan, Chair of Media Super, former editor of Australian Financial Review
Table of Contents
Foreword Introduction 1. A lopsided welfarism2. Early stirrings3. The push for universal superannuation4. Campaigning for award super5. Legislating universal super6. Th
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