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ALP wants super mandate
The Australian Labor Party remains committed to introducing a council of superannuation guardians and would move to achieve that outcome when it is returned to office, according to Shadow Assistant Treasurer, Chris Bowen.
Addressing the Financial Services Conference (FSC) in Cairns, Bowen said the council of super guardians, which was dumped by the Abbott Government, remained central to Labor delivering policy certainty on superannuation.
Bowen said that it was Labor's intention to go to the next Federal Election with a detailed policy on superannuation so that it could extract a definitive mandate which would then allow for policy certainty.
He acknowledged to the conference that a lack of certainty around superannuation tax and policy settings had significantly undermined public confidence in super as an investment vehicle.
"We want a mandate to give people confidence the system won't be unnecessarily change," he said.
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