APRA joins rich super rollback chorus

Advertisement

By Leith van Onselen

The chorus of experts calling for superannuation concessions to be reforms continues to grow louder, with Australian Prudential Regulation Authority (APRA) member, Helen Rowell, today calling for a rethink on how concessions are distributed and how funds can be invested. From The AFR:

“We have already seen a big chunk of super used for housing or to leave bequests for children, and now the latest push is for people to be able to use it to pay off higher education debts, but the primary object of super should be to provide retirement income”…

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.