Coalition turns superannuation hypocrite


Deputy opposition leader Sussan Ley has slammed a proposal by 43 industry groupings to reform the superannuation system so that a portion of the funds are set aside to cover an individual’s aged care arrangements.

Without substantial reforms, Aged and Community Care Providers Association chief executive Tom Symondson warned that “the public purse will be put under unbearable pressure”.

Labor Assistant Treasurer, Stephen Jones, told ABC News that it was a conversation the nation had to have.

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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.