Opinion

Tryst between consultants, super funds and regulators must end

The Senate inquiry is skipping over real conflict of interest – corporatist collusion in dodgy unlisted asset valuations and lax regulatory oversight.

Tim Wilson and Jason Falinski

Jul 26, 2023 – 12.19pm

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Structural separation of the big four accounting firms will help address a broader problem of corporatist collusion, where regulators are turning a blind eye to the dodgy valuations of superannuation funds cleared by their auditors.

While the Senate’s inquiry into the big four consulting firms attracts attention for answers to populist questions on partner pay, it is skipping over the real conflicts of interest that exist.

Tim Wilson is a former Liberal MP and author of 'The New Social Contract'.

Jason Falinski was a federal Liberal MP and former president of the NSW Liberal Party.