New super splitting laws passage today will help women get their fair share of superannuation assets when a relationship breaks down and is a positive step to address the gender savings gap - but more must be done to ensure women do not continue to retire with woefully inadequate savings.
Since 2018 Women's Legal Service Victoria, and the super industry have pushed for the introduction of laws that would make it easier for parties in family court matters to identify and easily split superannuation savings.
These laws are a big win for survivors of family violence and will stop perpetrators being able to hide assets. Previously many women gave up on chasing assets they are entitled to.
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