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A superannuation train wreck looms


A superannuation train wreck looms
Lachlan Maddock
07 April 2021
The Morrison government now has less than 90 days to decide what to do with superannuation’s “40-year promise”.
In-between botching its vaccine roll-out and botching its response to historical and contemporaneous sexual assault allegations in Parliament House, the Morrison government has also found time to botch the implementation of one its most significant policy reforms: Your Future, Your Super (YFYS).
“The proposed commencement date of 1 July 2021 is now between 80 and 90 days away, and given that the bill has not yet been passed – and we haven’t seen the draft regulations and some of the complexities that have been alluded to in the submissions you’ve received – the question of whether there is sufficient time to implement the measures efficiently and effectively has to be addressed,” ASFA chief executive Martin Fahy told the Senate E ....

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