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ARTICLE · 22 FEBRUARY 2016

Superannuation review announced – with bigger things to come

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The efficiency and competitiveness of the superannuation system will be under the microscope following this inquiry.

AustraliaFinance and Banking
Michael Chaaya
Michael Chaaya
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The efficiency and competitiveness of Australia's superannuation system will be under the microscope following an inquiry announced by the Federal Government.  Representing only the first stage of a more thorough review still to come, the announcement represents the Government's implementation of recommendation 10 of the Financial System Inquiry on which we have previously reported.

The Productivity Commission's terms of reference task it with undertaking extensive public consultation to:

  • By November 2016: Develop criteria to assess the efficiency of the superannuation system.  The criteria will then be used to assess the superannuation system ahead of the full implementation of MySuper.  This next inquiry will occur after 1 July 2017.

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