29 Apr 099 Minister announces a review of superannuationIn a media release issued on 28 April 2009, the Minister for Superannuation and Corporate Law, Senator Nick Sherry, announced the release of a groundbreaking Communiqué of Principles on the Australian superannuation system, including a resolution that the current operational features of the system need to be examined.
"After nearly 20 years of compulsory superannuation and the development of numerous new features, the Government, with the support of industry, has agreed that it is timely and appropriate that an examination take place," Senator Sherry said.
The Terms of Reference and details of the structure of the examination will be released shortly.
For a copy of the Minister's media release, No 2009/041, go here.
For a copy of the Communiqué, go here.