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Govt’s clearing house timetable queried
The Federal Opposition has accused the Government of failing to deliver on a central superannuation clearing house within its originally-envisaged timeframe.
The Opposition Spokesman on Financial Services, Superannuation and Corporate Law, Chris Pearce, said the Federal Government allocated $16 million towards establishing the clearing house in last year’s Budget and had promised in May last year that it would be operational by July 1 this year.
Pearce said he believed the clearing house initiative was something that had become bogged down in the Government's never-ending and fruitless reviews.
“We have a Government hell bent on grand announcements of endless reviews into super with no action ever taken,” he claimed.
Pearce said the Government needed to tell Australians when they would see the clearing house and what the $16 million allocated in last year’s Budget had been spent on.
AUTHOR
Mike Taylor
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