Opinion/analysis – Does the Coalition really want to head into an election after giving an amnesty to employers who haven’t paid superannuation owing to their workers?
An election is likely within the next nine months, and the Government is dropping policies that are unpopular or can’t get through the Parliament – or both – in preparation.
The proposed increase to the age pension age from 67 to 70 was dropped on breakfast TV. The changes to super fund governance – requiring more independent directors, which would particularly impact industry super funds – was hard enough to pass before the Banking Royal Commission, and is reportedly shelved. Though it can be hard to tell given the lack of priority given to superannuation Bills.