Move to enshrine the objective of the superannuation system in legislation amid measures announced in response to Murray review of financial systemThe Turnbull government has vowed to crack down on excessive surcharges for credit card transactions and will also move to enshrine the objective of the superannuation system in legislation.
The Coalition is also planning to launch a Productivity Commission review into “the efficiency and competitiveness” of the super system,with an eye to changing the existing process for allocating default fund members to products. Related: Malcolm Turnbull: first-domestic buyers using super 'a thoroughly bad conception' Related: Gee, Westpac must hold thought hard approximately passing on the cost of regulation to customers | Greg Jericho Continue reading...
Source: theguardian.com