Best Answer

There is no statutory retirement age in Australia. The retirement incomes system (our superannuation system) permits a possible span of retirement starting between the ages of 55 to 70 years during which retirement savings can continue to accumulate or retirement income can be accessed. People who work beyond 70 are no longer entitled to the 9% superannuation levy imposed on employers, and people must begin to 'draw down' (spend their savings) from their superannuation before age 70.

However, our superannuation system is in a transition phase, and some the details of the changes are contained in the table below:

Age regulations and qualifications governing superannuation and social security systems


Age to which superannuation entitlements are compulsorily preserved. From age 55, preserved superannuation becomes available upon retirement. For people aged 55 to 60 years, Regulations under the Superannuation Industry (Supervision) Act 1993 (SIS regulations) define retirement as permanent withdrawal from the workforce. A phased increase in the superannuation preservation age to 60 is to begin in 2015 and will affect people born after 30 June 1960. By 2025, people born after June 1964 will be subject to a preservation age of 60 years.

People aged 55 years and over can access a range of social security pensions and benefits depending on their circumstances, e.g. Disability Support Pension, Newstart Allowance, Carer Pension and Widow Allowance. From September 1997, superannuation assets of those aged 55 and over were taken into account under the income and assets tests after 9 months on income support (pending legislation).


Under SIS Regulations, after age 60, retirement may be taken to have occurred upon cessation of a period of gainful employment even if the person intends to re-enter gainful employment. Current qualifying age for Mature Age Allowance.


Women's current qualifying age for age pension. The age pension age for women is being slowly increased to 65 over the next 17 years (reaching 65 years in July 2013).


Men's qualifying age for age pension.


From 1 July 1997 people were allowed to continue to contribute to a regulated superannuation fund up to age 70, provided they are gainfully employed for at least 10 hours per week over the year.

User Avatar

Wiki User

โˆ™ 2011-01-09 22:18:13
This answer is:
User Avatar
Study guides


20 cards

What tropic passes through the midst of Australia

What is the elevation of the highest point in Oceania

Is the average elevation of New Zealand above or below 1000 feet

What are the local people called in Hawaii

See all cards
14 Reviews

Add your answer:

Earn +20 pts
Q: What is the workplace compulsory retirement age Australia?
Write your answer...
Still have questions?
magnify glass
Related questions

What age is it not compulsory to vote in Australia?

It is compulsory to vote after age 18, right up until one's death of old age, as long as one is of sound mind and health.

When should people made to retire should there be a compulsory retirement age?

When they are financially able or not physically capable of working.

Why does Australia have a high literacy rate?

Australia has universal education, and its compulsory for children above the age of 6 to attend school.

Has the law been passed on the retirement age in UK?

The Default Retirement Age (DRA) in the UK was scrapped by the 'Employment Equality (Repeal of Retirement Age Provisions) Regulations 2011'. Some employers can still set a compulsory retirement age if they can justify the decision under the 'Equality Act 2010' but in most professions, people can now work as long as they wish.

At what age is compulsory retirement in the US?

Compulsory retirement is no longer legal in the United States. The age used to be 65, but because of age discrimination, that requirement is no longer effective. Certain professions such as air traffic controllers, airline pilots, and military personnel are highly recommended to retire at age 65. The reasoning for this recommendation is because these jobs are considered to either be more dangerous, or they require more mental and physical skills.

Do you have to vote in Australia if you are over 70?

Yes. In Australia, it is compulsory to vote once you reach age 18, no matter how old you are, as long as you are of sound mind.

What has the author Val Maxwell written?

Val Maxwell has written: 'Early retirement in Australia' -- subject(s): Bibliography, Employment, Older people, Retirement, Retirement age, Unemployment

How can you work in Australia when your from Europe do you need a special age or something?

In Australia you can have a job from 14 years to retirement. Adults that move to Australia must work.

What is the retirement age for a lawyer?

There is no mandatory retirement age for a lawyer.

How can you use the word compulsory in a sentence?

At your age it is compulsory to go to school.

Usual age of retirement?

What is the retirement age for someone born in 1954.

What is full retirement age us?

What is the retirement age for born in 1953

People also asked