When does a tweak become a change?
When does a tweak become a change, Outsider wonders, and who decides when one becomes the other?
Watching Jim Chalmers speak at the Crown Casino in Sydney was an interesting affair for Outsider, after first becoming lost trying to use the elevator.
But there was one thing which stuck out and that was what did Chalmers mean when he said there would be ‘tweaks’ to the Your Future, Your Super (YFYS) reforms?
Chalmers said Labor would tweak aspects of it in response to emergent challenges that could be flagged by the industry, but haven’t challenges already been flagged, Outsider wondered?
There’s the claim from Chant West’s general manager, Ian Fryer, that the performance test had so far only applied to MySuper products which overwhelmingly had growth-style portfolios and that conservative choice products would be challenged by YFYS.
And what about David Bell, executive director of The Conexus Institute, who said the YFYS comparison tool was flawed as it only relied on one metric?
As for what Outsider thought of the Crown Casino in Sydney, he’d rather they didn’t try to reinvent the elevator by naming floors after restaurants with no indication of its level.
AUTHOR
The Outsider
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