No major new super measures announced (March 2025 Federal Budget Update)

Published on 26 March 2025 by Drew Pflaum
Categories: Government Budgets

The Government did not announce any new major superannuation measures in the Budget.

The only super item of note was some additional funding to extend an ATO Tax Integrity Program which is expected to raise an extra $31 million in unpaid superannuation from medium and large businesses and wealthy groups over five years from 2024–2025. Since the MYEFO in December 2024, superannuation fund tax receipts have been revised up by $2.4 billion in 2025–2026 and $9.7 billion over the five years from 2024–2025 to 2028–2029.

The Government also highlighted some improvements to processing times to a range of services as a result of the investment in new staff from November 2023. These included Age Pension claims now being processed 52 days faster and Paid Parental Leave claims taking three days to process instead of 31 days.