O’Dwyer rules out super policy moratorium
The Federal Government will not be pausing superannuation policy changes during a comprehensive review of the sector by the Productivity Commission (PC).
Assistant Treasurer, Kelly O'Dwyer, yesterday announced the broad terms of reference of the PC inquiry but made clear that the Government would be pursuing policy changes where necessary while that inquiry continued.
She said the PC exercise would be broken into three phases, starting off with developing underlying criteria, followed by looking at possible alternative default fund allocations and then finally examining the efficiency and competitiveness of the system.
However, she said this process did not "represent a moratorium on change", and that the Government would continue to pursue policy change where it believed it was necessary.
O'Dwyer said that a part of the Government's policy change agenda was already beingn pursued in the Senate — the governance changes requiring at least one-third independent directors including an independent chairman.
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