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by bfieidhbrjr 2022 days ago
Could you please translate all this? What is super and why would a car dealer be through the roof?
1 comments

Super = Superannuation. Basically a portion of your pay (9.5% currently) MUST be paid into a superfund to hold the money until you can access it upon retirement.

Car dealers are through the roof because the government allowed early access to a portion of it if "in distress" due to Covid-19 and lockdowns. However, many people who weren't in distress took the money (their own retirement money, remember) and bought a new car.

Thanks!