Summary
- Women who adopt or give birth to babies after July 1, 2023, will receive a weekly $113 boost to their superannuation
- The Paid Parental Leave Bill passed by Labor aims to combat the “motherhood tax” and help about 180,000 families each year
- The government-boosted superannuation for women will increase from 22 weeks to 24 weeks by next fiscal year and eventually to 26 weeks by 2026
- The payments will be made in a lump sum through the ATO into a nominated superannuation account with an interest component