The Federal Government has sought to ramp up the superannuation policy debate ahead of next week’s Investment and Financial Services Association (IFSA) annual conference on the Gold Coast.
Both the Assistant Treasurer, Peter Dutton, and the Opposition spokesman on financial services, Senator Nick Sherry, will be addressing next week’s conference.
Continuing a theme started in early July, Dutton has called on the ALP to declare where it stands on the Government's Budget superannuation changes and has accused the Opposition of seeking to use superannuation savings to fund its political objectives.
Dutton pointed to a statement by the Opposition Treasury spokesman, Wayne Swan, as being evidence that Labor had an inappropriate attitude to superannuation.
He said Swan had suggested that superannuation could be used to help fund social infrastructure such as schools, hospitals, public housing, and aged and child care.
Dutton claimed that the Opposition had a history of trying to hijack superannuation to fund its political ends and pointed to previous statements by Labor frontbenchers.
“Instead of trying to spend your (superannuation) money on ALP political projects, Kim Beazley and Wayne Swan should tell Australians whether or not they will back the Government’s superannuation reforms to be released in the Federal Budget,” he said.
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.