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Thursday, 26 March 1987
Page: 1605

To the Honourable the Speaker and Members of the House of Representatives assembled in Parliament. The petition of the undersigned citizens of Australia showeth:

That many Australian wage and salary earners and self-employed persons do not enjoy secure retirement incomes provided by superannuation; and

That the Government issued in December 1985 Guidelines for the implementation of the proposed productivity decision by the Conciliation and Arbitration Commission and draft Operational Standards for Superannuation schemes.

Your petitioners therefore humbly pray that the Government:

(1) Guarantees to every employee the right and freedom to select the superannuation scheme of his/her choice.

(2) Protects the individual exercising that freedom of choice from any coercion, influence or other pressure which may be applied by any employer, association or trade union.

(3) Will recognise only those schemes which provide genuine superannuation and reject those schemes which do not provide for-

preservation of benefits to retirement

vesting of employer contributions on a reasonable sliding scale

equal employer and employee Trusteeship control to ensure security of investments.

And your petitioners, as in duty bound, will ever pray.

by .