The Federal Government is continuing to put pressure on the Australian Labor Party (ALP) to declare where it stands on the superannuation changes announced in May’s Federal Budget.
The Assistant Treasurer, Peter Dutton, has called on the leader of the Opposition, Kim Beazley, to say where the Opposition stands on the super changes in circumstances where the ALP has not formally indicated its position.
Dutton said it had been more than 61 days since the Federal Budget had been handed down, and Beazley had not indicated whether his party would be supporting the changes.
He said it was time for the Opposition to declare its hand on the issue.
The Australian Prudential Regulation Authority (APRA) has placed superannuation front and centre in its 2025-26 corporate plan, signalling a period of intensified scrutiny over fund expenditure, governance and member outcomes.
Australian Retirement Trust (ART) has become a substantial shareholder in Tabcorp, taking a stake of just over 5 per cent in the gaming and wagering company.
AustralianSuper CEO Paul Schroder has said the fund will stay globally diversified but could tip more money into Australia if governments speed up decisions and provide clearer, long-term settings – warning any mandated local investment quota would be “a disaster”.
The Super Members Council (SMC) has called for streamlined super reporting to cut costs, boost investment flows, and strengthen retirement outcomes.