Rudd ready to fiddle with super, says Opposition
The Federal Opposition has accused Prime Minister Kevin Rudd of policy on the run with respect to superannuation in the wake of yesterday's third leader's debate in which he traversed the issue of changing the superannuation preservation age.
The Shadow Assistant Treasurer, Senator Mathias Cormann, claimed that despite the Government having gone to the election promising no major changes to superannuation policy, the Prime Minister had been guilty of using the leaders' debate to canvass changes to a key element of the policy settings.
"He [the Prime Minister] was suggesting that he might let older people access their super earlier when all of the experts were pushing for the opposite," Cormann said.
The debate transcript indicated that the Prime Minister had referred to reviewing the systems around accessing superannuation and that it might be time to look at how older people gained access to their superannuation money.
Cormann claimed Rudd's willingness to traverse such policy changes during a leadership debate served to emphasise that only the Coalition had promised not to make any unexpected changes to superannuation.
AUTHOR
Staff Writer
Recommended for you
With just 30 per cent of Australians knowing their superannuation balance to the nearest $1,000, Findex has emphasised the role of financial advice in addressing the critical super knowledge gap.
Underestimating the cost of insurance by almost $75,000 in a Statement of Advice is among multiple reasons that a relevant provider has faced action from the FSCP.
Financial Services Council chief executive, Blake Briggs, is urging Minister for Financial Services, Stephen Jones, to take advantage of the QAR opportunity to reduce regulatory duplication and ensure advice is affordable.
Former chair of the House of Representatives’ Standing Economics Committee, Tim Wilson, is planning a return to politics after losing his seat in the 2022 federal election.
