Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Nag, nag, nag but the horses have bolted

Outsider/treasury/superannuation/

16 November 2018
| By Outsider |
image
image image
expand image

Outsider spent a reasonable portion of his working life strolling the corridors of the Federal Parliament and thus, he thinks he knows a thing or two about how the system works when it comes to the production line involved in turning Government policy into legislation.

He therefore thought Treasury Retirement Income Policy division head, Robert Jeremenko was being a little twee when he noted that a certain major insurer had been lobbying Senators and Members of the House of Representatives with respect to the Government’s bills impacting insurance inside superannuation.

Jeremenko suggested it would have been nice if the insurance company had come to the Treasury first.

Which Outsider believes might have been an entirely reasonable request if the legislation in question had not already been introduced to the Parliament and about to be voted on by the Senators and members in question.

Outsider believes it is entirely pointless to seek to bolt a stable door when the Government’s legislative nags are already running.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 weeks 5 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

3 weeks 4 days ago

So we are now underwriting criminal scams?...

6 months 3 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

2 weeks 6 days ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

3 weeks 3 days ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

5 days 16 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
3