Govt’s proposed super council attracts SPAA’s support
The SMSF Professionals' Association of Australia (SPAA) has come out in support of the Government's announced charter group as an initial step in the establishment of a Council of Superannuation Custodians.
Making the announcement last week, the Minister for Financial Services and Superannuation Bill Shorten said the group will consist of five prominent industry figures including Australian Prudential Regulation Authority deputy chairman Ross Jones, former Federal Court judge Alan Goldberg and Challenger's Jeremy Cooper.
SPAA director, technical professional standards, Graeme Colley said the creation of a super council would "bring certainty and a bipartisan approach to superannuation".
"It's SPAA's contention that superannuation should be sacrosanct, just like the family home, and we see the establishment of this council as an important step in that direction," he said.
SPAA would like to actively engage with the charter group and play a constructive role in the development of the super charter to ensure the SMSF sector had an "integral role in any future council", Colley added.
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