Senator Matthias Cormann

Opinion

Cormann wish list to hit industry fund status

Cuts to red tape and greater market freedoms in superannuation have been promised by Senator Matthias Cormann if the Liberal Party wins the election. These will open up the system of default funds for industry sectors and will also face the imposition of independent trustees. He has also reiterated his party’s promise that there will […]
Policy and Regulation

Real and shadow treasurers think the same

The Liberal and Labor parties have both resisted pressure to pass on Australian infrastructure projects direct to superannuation funds. At a Financial Services Council meeting in Sydney last Friday, Treasurer Chris Bowen was asked by a superannuation representative if he would facilitate such investment. He was emphatic in his response: “I have never supported mandating […]
Opinion

Chris Cuffe on the custodian council

The chair of UniSuper, Chris Cuffe, says Labor’s proposed custodian council should be an experienced, independent group with a long-term focus, the members of which should have no commercial interest in the superannuation industry. Cuffe commended the proposals recently announced by Bill Shorten, minister for superannuation and financial services, but said the concept could be enhanced, […]