Superannuation was once a privilege granted only to company head
office staff and career public servants. Now in Australia nearly
all workers have access to employer-contributed superannuation, and
it is a fundamental pillar of Australia's retirement income system.
Workers' Capital tells the story of the Australian superannuation
revolution led by trade unions in the 1980s. After a series of
hard-fought industrial campaigns, an enormous financial industry
was created, involving hundreds of thousands of employers and
covering millions of fund members. From having one of the worst
retirement savings systems in the developed world, in three decades
Australia had one of the best. Now the funds held in Australian
superannuation accounts exceed the entire market capitalisation of
all the companies on the Australian Stock Exchange. Drawing on
interviews with the key players and extensive archival research,
Workers' Capital is the first systematic history of the unique
Australian system of industry superannuation. 'Startling and
informative-I thought I knew a lot about the industry
superannuation phenomenon, but this one took me by surprise. For a
topic so important, a real page-turner.'Gerard Noonan, Chair of
Media Super, former editor of Australian Financial Review
General
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