Super stoush continues

government/IFSA/financial-services-association/

5 September 2006
| By Glenn Freeman |
image
image
expand image

Nick Sherry

Shadow Minister for Superannuation Nick Sherry has called for more detail on the Government’s Budget superannuation changes before responding to the latest challenge from Assistant Treasurer Peter Dutton.

The verbal stoush on superannuation between Government and the Opposition begun in early July enters a new phase this week.

Both Dutton and the Opposition spokesman on financial services, Senator Nick Sherry, are addressing this week’s Investment and Financial Services Association (IFSA) conference on the Gold Coast.

Yesterday, Sherry and shadow Minister for Finance, Lindsay Tanner, said the IFSA conference was an ideal time for Dutton to reveal crucial details including costings, draft legislation and income distribution analysis of benefit outcomes, as a precursor to Labor’s response.

They went on to suggest the Government was trying to keep the details secret.

“It is an arrogant and lazy government that expects a Labor opposition to sign up to an unfinalised, discussion status ‘plan’ without specific costings and legislation.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 2 weeks ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 days 23 hours ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

4 weeks 1 day ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

1 week ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND