‘The interests of funders, funds and the broader national economic interest are all inseparable,’ the Treasurer tells super and banking bosses.
This is an edited extract of remarks made by Treasurer Jim Chalmers to the annual Superannuation Lending Roundtable hosted byFor about the last dozen years now, but especially the last few years, I have been fortunate to be a beneficiary of [former prime minister] Paul [Keating’s] thinking on superannuation and more broadly as well.
Left to right: Former prime minister Paul Keating, Federal Treasurer Jim Chalmers and Visy Industries executive chairman Anthony Pratt at the superannuation roundtable.This was from my point of view, good news, welcome news. It had been pretty hotly contested. There’d been a pretty willing skirmish about it.editor-in-chief Michael Stutchbury] paper at the time, up the front and up the back of the Fin. And Paul’s advice then comes to the first main point that I want to make today.
So super is obviously in lots of ways the hope of the side when it comes to building national savings, when it comes to investing in our national priorities, when it comes to projecting the influence into the region. We’ve got aAlso, it’s the hope of the side when it comes to addressing some of our most formidable economic challenges.
We all see those quite shocking gender disparities at retirement, and we will fund the super guarantee on paid parental leave when the budget circumstances permit that.We see a lack of appetite for retirement income products, and we’ll work with you on whatever new options are necessary to try and turn that around. We see the rapid growth in spending in a heap of areas but particularly on aged care. Andand contemplate what, if any, further role there is for super in that.
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