Coalition government reignites superannuation governance debate

The Federal Government has re-opened the thorny issue of governance in Australia's superannuation industry.

Its new discussion paper, " Better regulation and governance, enhanced transparency and imposed competition in superannuation", threatens to once again reshape an industry already suffering reform fatigue.

In Australia's superannuation industry the majority of ordinary investors rely on trustees to ensure their retirement savings are prudently managed. Considering its importance to the lives of most Australians, good governance in super is critical.

But what does good governance look like? It's a question that's already led to some of the most extensive reforms in superannuation.