I have to point out that Bill Shorten is not in the Federal Government and so is not in the position to make government policy. It is the Coalition that is the Federal Government. It was pressure by three Coalition backbenchers who forced M&J to hold the Royal Commission. It is the Coalition Government that is implementing the recommendations of the Royal Commission.
Because Australian superannuation, pensions, taxation, retirement are instigated by Federal Government Acts and regulations, then of course the Federal Government has the 'right' to set all or any conditions and policies in respect to superannuation. Superannuation is not some inalienable and self-evident right of citizens (not in John Locke's list).
Recommendation: That the financial advisors' exam include basic political science as an extra subject area to be tested. Add basic macroeconomics as well.
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