ARTICLE · 12 FEBRUARY 2008

Superannuation - Related Changes Under Labor

Maddocks

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With the election well and truly decided, it is interesting to consider what changes the industry could be facing under the new Labor Government.

AustraliaInsolvency/Bankruptcy/Re-Structuring

Chris Beeny

With the election well and truly decided, it is interesting to consider what changes the industry could be facing under the new Labor Government. Labor supported the 'Better Super' changes so it is not expected that these will be wound back. However, based on statements while in opposition, particularly by Senator Nick Sherry, Labor's superannuation spokesman in opposition and now Minister for Superannuation and Corporate Law, the following changes affecting superannuation may be implemented under the new Government:

The various oversight responsibilities currently shared by ASIC and APRA may be brought under one regulatory structure

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