Yes, but they are proposing upping how much super people are going to be receiving.
https://www.industrysuper.com/understand-super/super-guarantee-calculator/super-guarantee-changes/
Under Australia’s Superannuation Guarantee laws, employers are normally required to pay the equivalent of 9.5% of ordinary time earnings in 2020. Because of a concern that this will still leave many retirees too reliant on the age pension, the Parliament legislated a gradual increase of the percentage to 12% by 2025.
As that goes up, thats more stimulus for the stock market. Need I explain more? As time goes on, more money will go in.
Valuation Analysis - NST and SAR Merger 22nd Oct 2020, page-20
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$14.29 |
Change
-0.060(0.42%) |
Mkt cap ! $16.42B | |||
| Open | High | Low | Value | Volume |
| $14.10 | $14.70 | $14.01 | $85.83M | 5.995M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23973 | $14.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.31 | 12891 | 5 |
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| NST (ASX) Chart |