The Superannuation Complaints Tribunal has received at boost in the Budget with an increase in funding.
The Government announced that it would be providing an additional $5.9 million over four years to cover what it described as “the rising workload and complexity of complaints handled by the SCT”.
It said that funding of the SCT was fully offset by an increase in the financial sector levies collected from the superannuation industry by the Australian Prudential Regulation Authority.
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