Rest welcomes passage of LISTO reforms

Rest has welcomed the passage of legislation through Parliament to strengthen the Low Income Superannuation Tax Offset (LISTO), marking a significant step toward a fairer superannuation system for low-income workers.

The reforms will raise the LISTO income threshold from $37,000 to $45,000 and increase the maximum payment from $500 to $810 from 1 July 2027. 

Rest Chief Strategy Officer Tyrone O’Neill said the passage of the legislation provides long-awaited progress for low-income earners, particularly women and those working part-time or casually.

“The passage of these reforms through Parliament is an important milestone for fairness in Australia’s super system, particularly coming just after International Women’s Day,” Mr O’Neill said.

“They are an important measure to help close the gender super gap by boosting retirement outcomes for low‑income workers, especially women, while also reminding us there is more work to do.”

“After years of advocacy, this change is now locked in, delivering better long-term retirement outcomes for low-income workers.”

Nearly half a million Rest members receive the LISTO each year, including around 300,000 women.

“These reforms reflect how many Australians work today and confirm that the super system can evolve to better support those on lower incomes.Rest has long called for this change, including through our 2025–26 Pre‑Budget Submission, and it has strong support from our members. We congratulate the Federal Government and the Parliament on passing these long-awaited fairness reforms,” Mr O’Neill said.