New Coalition government encouraged to commit to 12% super

The Australian Institute of Superannuation Trustees (AIST) congratulates Jane Hume on her appointment as Assistant Minister for Superannuation, Financial Services and Financial Technology under the Morrison Government.

AIST CEO Eva Scheerlinck said AIST and its member funds were committed to working productively with the Assistant Minister and the Morrison Government on policies that improve the retirement outcomes of all Australians.

“We will continue to strongly advocate for policies that improve the fairness and sustainability of superannuation for all Australians, which includes a commitment to raising the Superannuation Guarantee to 12 per cent as scheduled,” Ms Scheerlinck said.

Ms Scheerlinck said there were a number of challenges ahead for the super industry, including the smooth implementation of recently legislated policies.

“There is a lot of policy and regulatory change ahead that superannuation funds are grappling with,” Ms Scheerlinck said. “The implementation of the Protecting Your Super package of reforms, along with several other key policy changes, requires a focussed and committed government to ensure smooth implementation for the industry and the best outcome for super fund members,” Ms Scheerlinck said.

/Public Release.