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We noted yesterday how Treasurer Josh Frydenberg has followed the Productivity Commission’s advice and called for a broad-based review of the retirement income system, including the interaction of superannuation, government pensions, and the tax system.
Well, this has clearly angered the superannuation industry, which has already begun lobbying to stop the Coalition from abandoning the scheduled lift in the superannuation guarantee (compulsory super) to 12%. From The AFR:
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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.