Imperative legislative objective for superannuation is put back on agenda

The SMSF Association says it is “imperative” that the Government puts legislating an objective for superannuation back on the agenda.

The recommendation to put in legislation an objective for the super system comes from the Financial System Inquiry (FSI) –

Senate recommended to pass super objective Bill, reporting in IGR

The majority of a Senate committee inquiry into the Superannuation (Objective) Bill 2016 has recommended its passage, though with reporting as part of the Intergenerational Report.

Much of the debate over the Bill had been on the wording of the

Super objective Bill shouldn’t be delayed to serve “vested interests”: Grattan Institute

The superannuation objective Bill should not be delayed to “serve the vested interests” of the superannuation industry, Grattan Institute CEO John Daley has told a Senate committee.

Mr Daley told the committee, which is conducting an inquiry into the

Essential to include ‘adequacy’ in objective for superannuation

It is essential to include the concept of adequacy in the legislative objective for superannuation, says the SMSF Association.

A Bill to set in legislation an objective for superannuation is currently before the Parliament, the Superannuation (Objective) Bill 2016.

Objective for superannuation shouldn’t include adequacy: Grattan Institute

The Grattan Institute agrees with the Government that the legislative objective for superannuation shouldn’t include adequacy or the need for a ‘comfortable’ retirement.

The Government is close to setting an objective for superannuation in legislation, following from a recommendation of

Government’s proposed superannuation objective is “fatally flawed”

The Government’s proposed legislative objective for superannuation is “fatally flawed”, according to Industry Super Australia.

In a submission to the Senate Committee inquiry into the Superannuation (Objective) Bill 2016, Industry Super Australia says that setting an objective as a

Draft super regs: Fair & Sustainable, subsidiary objectives for super

The Government has released draft superannuation regulations for consultation, including implementation of some of the ‘Fair and Sustainable’ super changes and to set subsidiary objectives for the super system.

The draft regulations, which were released on Friday the 16th of

Proposed objective for superannuation “inadequate and lacks ambition”

The Government’s proposed objective for superannuation, to be set in legislation, is “inadequate and lacks ambition” says the SMSF Owners’ Alliance.

A Senate committee is conducting an inquiry into the Superannuation (Objective) Bill 2016, which would legislate the following as

Legislated objective for superannuation pushed into 2017

It is unlikely that an objective for superannuation will be legislated before the end of 2016.

The Superannuation (Objective) Bill 2016 has been referred to the Senate Standing Committee on Economics for an inquiry. The inquiry is due to