Coalition claims Govt may hit super again in Budget
The Federal Opposition has claimed there may be more changes to superannuation in the May Federal Budget going beyond the changes announced by the Treasurer, Wayne Swan, and the Minister for Financial Services, Bill Shorten, on Friday.
Both the Shadow Treasurer, Joe Hockey and the Shadow Assistant Treasurer, Senator Mathias Cormann, claimed the Treasurer had specifically failed to answer questions with respect to whether changes would be made to superannuation in the Budget.
They claimed this meant the Government might still seek to tap superannuation to help reduce the Budget deficit in May.
Hockey and Cormann challenged the Treasurer to commit to having the legislation around last week's superannuation policy changes introduced during the Budget week of Parliament, with a view to having them implemented before the Federal Election scheduled for 14 September.
"If Wayne Swan had any ticker he would immediately test his own caucus and introduce these so-called ‘reforms' in Budget week — and commit to having them passed by the September election," they said.
Recommended for you
Data and technology provider Novigi has acquired Iress’ superannuation consulting and managed services business from Apex Group.
AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positive” returns.
