Treasurer Jim Chalmers’ first Federal Budget produced broadly no changes to super rules. Instead, the budget focused on social and education spending, with $7.5 billion dedicated to cost-of-living relief through cheaper childcare, expanded paid parental leave and cheaper medicines. UniSuper’s Policy & Advocacy Manager, Benedict Davies, joins us to break down the key announcements.

SHOW NOTES

Your hosts are Lyndon Horsburgh and Tania Meade.

Produced by Lyndon Horsburgh.

A big thanks to our special guest, Benedict Davies, UniSuper’s Policy & Advocacy Manager.

Our October 2022 Federal Budget recap at unisuper.com.au/news-and-insights/october-2022-federal-budget-recap provides an overview of the key announcements.

For more info about the October 2022 Federal Budget, visit the Government's official Budget site, https://budget.gov.au

Benedict refers to a speech by Ross Garnaut at the recent Jobs and Skills Summit, available at https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwiwrOfrvPz6AhUM3jgGHWeLCNwQFnoECAwQAQ&url=https%3A%2F%2Fwww.rossgarnaut.com.au%2Ffiles%2F2022%2F09%2FSUMMIT-SPEECH-1-SEPTEMBER-2022.pdf&usg=AOvVaw13Tzo6soXyT2AS_Tm7qYQi

Benedict also refers to some excellent commentary in The Conversation by Peter Martin, available at https://theconversation.com/jim-chalmers-2022-23-budget-mantra-whatever-you-do-dont-fuel-inflation-192846

Have some feedback or a topic you’d like us to explore in future episodes? Email us at [email protected]. You can also join the conversation on Twitter: twitter.com/unisupernews.

At the time of recording, any Budget announcements are proposals only and shouldn’t be considered final until legislation passes.

Information discussed in this podcast, as prepared and provided by UniSuper Management Pty Ltd ABN 91 006 961 799, AFSL No. 235907, is of a general nature and may include general advice. It doesn’t take into account your objectives, financial situation or needs. Before making any decision in relation to your UniSuper membership, you should consider your circumstances, the relevant PDS and TMD, and whether to consult a qualified financial adviser. For a copy of the PDS or TMD, call us on 1800 331 685 or visit unisuper.com.au/pds.

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