Govt in no rush on Productivity Commission report
The Federal Government may choose to sit on the Productivity Commission's final report on default funds under modern awards until well into the first Parliamentary sittings of 2013.
Despite calls by the Opposition spokesman on Financial Services, Senator Mathias Cormann, for the report to be released as soon as possible, the Productivity Commission has acknowledged that the rules covering the release of the report place the Government under no particular time imperative.
The Productivity Commission handed its final report to the Minister for Financial Services and Superannuation, Bill Shorten, on Friday, 5 October, but noted that "under the Productivity Commission Act 1998, the Government is required to table the report in each House of the Parliament within 25 sitting days of receipt".
With the Parliament now having fewer than four sitting weeks to run before it adjourns for its scheduled Christmas break, that means the Productivity Commission report will not necessarily be released until well into 2013.
Cormann earlier this week said the Coalition had given notice in the Senate of a motion seeking to force the Government to table the Productivity Commission's Final Report by noon, yesterday, at the latest.
The Opposition spokesman said he was concerned the Productivity Commission had been bullied by the Government with respect to the content of its final report.
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