Advertisement
Over the long weekend, former Treasurer Peter Costello once again warned against making changes to Australia’s superannuation system, arguing that it risks “killing public confidence in the system”. From The Australian:
Mr Costello, who overhauled the superannuation system during his time as treasurer, said the constant changes and proposed changes to superannuation could lead people to conclude that it was “not a very safe investment”.
The full text of this article is available to MacroBusiness subscribers
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.