Conflicting agendas cloud super reform issues
The superannuation industry needs to put aside differences and work together on the important reform issues to achieve a consensus or risk having the government make decisions for them, according to Stronger Super chair Paul Costello (pictured).
“From a government perspective, a constructive consensus opinion is much easier to work with than people in corners disagreeing with each other,” Costello said.
Where a consensus can’t be achieved, Costello said the Stronger Super Peak Consultative Group will document differences, and it will be up to the government to decide on the best course of action.
Costello said this would not be the ideal option for the industry, as it would take the reform agenda out of their hands.
He added that it was also important for the industry to focus on the most important issues as there was only limited time before a paper must be handed to government.
“We cannot deal with all the issues in this timeframe. We must achieve the key features that need to be responded to for changes in government policy like MySuper and governance,” he said.
“It is important that we don’t get distracted by side issues,” he added.
AUTHOR
Ashleigh McIntyre
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