Superannuation and reflections on the 2020 Federal Budget for Aboriginal and Torres Strait Islanders

Ian Hamm from the First Nations Foundation talks with CMR about superannuation and the gig economy and the need for more funding for ACCOs from the Federal Government

Superannuation and reflections on the 2020 Federal Budget for Aboriginal and Torres Strait Islanders

Posted by: Charles Pakana
Posted: 7 October 2020
      CMR - 046 - Ian Hamm

 

Click on the play button above to hear the full interview with Ian Hamm

Click here to read/download the full interview transcript

 

Overview

Yorta Yorta man Ian Hamm from the First Nations Foundations returns to talk with Connection Matters Radio (CMR) about the gig economy as it relates to superannuation, and provide some reflections on the 2020 Federal Budget.

In commenting on the disparity of Australian men retiring with superannuation support – Indigenous (100%) and non-Indigenous (73%) – Ian said: You have to go back quite a long way to see where the genesis of this is.

“Traditionally… Aboriginal people have mostly been, in decades prior, have been in transient employment. That is they’re in low paying jobs that were only over a limited period of time, and then people having to move on to another job. Or if they wanted to increase their wage, moving on to another job.

“The upshot of all that movement means is people were never in the one place with the one super fund long enough to be able to build up an amount of money, or invest in their super, which would give them enough coverage over a long period of time.”

Other key points discussed during this interview include:

  • The impact on superannuation of the gig economy
  • Commentary on the lack of funding afforded ACCOs to prepare for Closing the Gap

 

Click here to read/download the full interview transcript

Click on the play button below to hear the full interview with Ian Hamm

 

      CMR - 046 - Ian Hamm

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