Australia's capital markets are already been termed as the "all conquering monster". And now, with its announcement of granting 12% of compulsory contribution to the superannuation fund will boost the country's retirement scheme.

It can thus be looked upon for a brain drain from the neighboring countries like Tasman and New Zealand, with less than 2% of the contribution. Also, the employers can only pay into the savings until they are 65 years of age. Whereas, in Australia, they can now pay till the age of 70 and 75. Looking at Ausie's augment, a debate may spark up, whether New Zealand shall also make its KiwiSaver scheme compulsory or not.

"Many New Zealanders who have worked [in Australia] have money in the superannuation scheme and they love it because it gives them some savings, whereas in New Zealand they probably don't have savings", quips Financial Commentator Bernard Hickey.

These changes have come up in response to the Henry Review. Besides a rise in the employer superannuation contribution to 12% from 9% by 2019, it will also observe a 40% tax on big miner's profits and a gradual cut in the corporate tax rate from 30% to 28%. This plan is bound to attract more employees from New Zealand, whose tax package is set over different objectives.