The Productivity Commission’s review into the competitiveness and efficiency of Australia’s superannuation system is underway with public consultation now occurring.
Industry participants will be relieved, however, that this first round of consultation will not produce anything drastic – the Productivity Commission is only consulting on its present mandate to develop assessment criteria by November 2016 ahead of a full review into the superannuation system to commence after 1 July 2017, on which we have previously reported.
Accompanying the call for public submissions is an issues paper to highlight relevant research and market issues as a guide for those making a submission to the public consultation. Although the Productivity Commission has posed a wide range questions on the topics of competition and allocative, operational and dynamic efficiency, we anticipate a wide divergence in public opinion on many of the questions posed, including:
Submissions can be made to the Productivity Commission’s consultation until 20 April 2016. If you would appreciate assistance in making a submission, please contact a member of our team.
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