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Andrew Bragg, director of policy at the Financial Services Council (FSC) – an industry body representing the interests of Australia’s leading wealth managers – has written a tirade in The Australian lobbying against superannuation reform along with a lift in the compulsory superannuation rate:
Superannuation is our only truly intergenerational policy. It is designed to cushion Australia against the cost of an ageing population. It is not there to fill a short-term budget problem or a tax reform fiddle…
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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.