1. The phasing-in of incremental increases that takes us to 12 per cent compulsory contributions and eventually to 15 per cent. 2. The right incentives to make additional contributions for those who are able, plus support and help for those who have missed out or don’t have the means. 3. An end to conflicted advice and hidden fees and charges. 4. A system that allows funds to assist members’ transition from a lifetime of work to partial or full retirement with confidence. 5. An efficient system, that enables all employers to transact electronically, members to rollover accounts easily, keep track of and consolidate their lost super.

6. A system that recognises the importance of superannuation to our national economy, and encourages participation in sustainable economic growth, investment, productivity and future employment opportunities. 7. A funding source and longterm partner in developing the infrastructure we need. When we look back in 2020 and 2030 the key questions for the industry will be this: • Did we maximise the opportunity of a new and reformist administration to improve our system, and address adequacy and structure? • Were we effective in charting the future course that super can play in our nation’s development? • Did we provide leadership around sustainability, governance and climate change? In the late ’80s and early ’90s we built a universal, compulsory super savings system, to complement our aged pension. It is an international example of where Australia clearly got it right. Our challenge is now to implement the policy agenda needed to make the next 20 years just as successful as the last.