Joe Longo must have whiplash from his drastic pivoting on superannuation enforcement under Labor.
under the Morrison government, striking fear into the hearts of those whose trip on the super gravy train had inexplicably survived the Hayne royal commission.justified their failures to members would be scrutinised, he pledged, and anyone misleading consumers about super products faced enforcement action.
And his answer to a question from the floor on how superannuation funds could reconcile prioritising member returns with the“Ah I’m not going to take comment on that, I think the Treasurer made some remarks earlier about that,” Longo said, ignoring the part of the question that noted enforcement of the superannuation industry was conspicuously absent from his speech.
The chair may have been unwilling to name that treasurer, given his apparent confusion over who controlled the purse strings earlier in the week, but at least he was honest about who was behind the stark change in priorities at ASIC.
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