Nag, nag, nag but the horses have bolted
Outsider spent a reasonable portion of his working life strolling the corridors of the Federal Parliament and thus, he thinks he knows a thing or two about how the system works when it comes to the production line involved in turning Government policy into legislation.
He therefore thought Treasury Retirement Income Policy division head, Robert Jeremenko was being a little twee when he noted that a certain major insurer had been lobbying Senators and Members of the House of Representatives with respect to the Government’s bills impacting insurance inside superannuation.
Jeremenko suggested it would have been nice if the insurance company had come to the Treasury first.
Which Outsider believes might have been an entirely reasonable request if the legislation in question had not already been introduced to the Parliament and about to be voted on by the Senators and members in question.
Outsider believes it is entirely pointless to seek to bolt a stable door when the Government’s legislative nags are already running.
Recommended for you
When it comes to a business merger, achieving the voting approval can be just the first step.
When it comes to human interest stories, the Australian Prudential Regulation Authority is keen to let the organisations it regulates know its staff are more than just faceless automatons.
Outsider is hopeful of the news from advice firm Invest Blue that it is trialling a move to a nine-day fortnight for its staff.
Like most of the financial advice industry, Outsider has spent the week reading through the final report of the Quality of Advice Review.