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Bob Katter cold on super reforms as crossbench support wilts

Save Share The government’s chances of passing its signature superannuation reforms through the lower house narrowed further on Tuesday, with crossbench MP Bob Katter revealing he will not vote for the package in its current form. Mr Katter told The Australian Financial Review that he would inform Treasurer Josh Frydenberg on Tuesday. “Mate, I just can’t see my way clear to vote for this the way it is.” Crossbench MP Bob Katter and Senator Jacqui Lambie oppose the directions power in the super legislation.   Alex Ellinghausen Mr Katter, who supports the intentions of the bill to do away with duplicate super accounts and push consumers into better-performing funds, is worried by the prospect of individuals being stapled to underperforming superannuation funds.

When Aussies will get two jabs

Australians were never expected to have two COVID-19 doses before the end of 2021, Aged Care Services Minister Richard Colbeck says. The development comes as Moderna has also announced it will supply 25 million vaccines doses to Australia under a new supply deal. Confusion continues over the vaccine timeline after Treasurer Josh Frydenberg on Tuesday handed down the federal budget, which was based on the assumption that a population-wide vaccination program would likely be in place by the end of the year. The assumption is that every Australian who wants to get two shots of the vaccine (will be able to) by the end of the year, Mr Frydenberg said.

Government flags super performance test about-face

Government flags super performance test about-face Share Administration fees look set to be included in the prudential regulator’s annual superannuation performance test, with the government conceding dodgy providers could game the system as proposed. The change would be a win for the super sector and could smooth the way through the Senate for the Morrison government’s priority Your Future, Your Super legislation. Admin fees look set to be included in the Morrison government’s annual performance test for super funds.  Louie Douvis Superannuation Minister Senator Jane Hume told The Australian Financial Review the government had heard the message from stakeholders and while difficult, the change was not impossible.

Calls for Australia to take back Darwin Port from China

Calls for Australia to take back Darwin Port from China
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