It’s no surprise vested interests, cheered on by the Labor Party, oppose the Morrison government’s reforms to proxy advisers. Indeed, many of the same voices opposed moves to introduce Australian Financial Service Licences for litigation funders and legislate the ‘Your Future, Your Super’ reforms.

But despite concerted attempts to frustrate these important microeconomic reforms, they failed, and these changes are now law. Changes that support the economy, enhance accountability and save consumers, in the case of the superannuation reforms, more than $17 billion.