David Murray: Reform superannuation now

Advertisement

By Leith van Onselen

The list of groups that Tony Abbott has put off side with his “strategic” captain’s call not to touch Australia’s wasteful and inequitable superannuation concessions continues to grow with Financial System Inquiry head, David Murray, arguing that inaction to reform super will only make the system more vulnerable. From The AFR:

David Murray said he understood why Prime Minister Tony Abbott declared there would be no changes to super for the foreseeable future, but argued that longer term the decision would damage confidence in the system and ensure that super remained highly politicised…

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.