Few super implications in Budget
The superannuation industry is hoping the Government will stick to its pledge of no unexpected adverse changes to superannuation when the Budget is handed down this evening.
However there is at least some expectation that the Government will flag a lift in the superannuation preservation age in line with a gradual increase in the pension age to 67 and then, eventually, 70.
The industry will also be closely examining funding arrangements around the financial services regulators in circumstances where the Australian Securities and Investments Commission (ASIC) has canvassed moving to a user-pays model and the Government has flagged a consolidation of government departments and agencies.
Because of the discussion around consolidation of departments and agencies, some focus has been turned to the Superannuation Complaints Tribunal.
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