Super reforms to hand government ‘extraordinary’ powers Super reforms to hand government ‘extraordinary’ powers Labor’s financial services spokesman has said giving the Treasurer carte blanche over super funds' investment strategies in the government’s new reforms would set a dangerous precedent. A A Shadow finance minister Stephen Jones warned that Treasurer Josh Frydenberg’s veto power over super fund investments would create sovereign risk and that a future Treasurer might use the same power against the business community, saying “this is a ball that can be kicked in both directions”. “The thing conservatives should be concerned about is the investment delete power they’re happy to hand a Treasurer…in fact, every Treasurer to come,” Mr Jones said.