Why banning ‘super for housing’ might be politically unsustainable
Raging inflation and normalising interest rates may now test household tolerance for a compulsory system which forces households to pay fees and margins on both sides of their balance sheet.
In Sydney’s CBD there is an enormous flat steel sculpture made in the image of former train driver and Labor prime minister Ben Chifley.
When passing it, I sometimes think they should replace it with one of Paul Keating. He more than any other Labor politician expanded the Sydney CBD with banks and funds management companies.
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Nick Hossack is a public policy consultant, former policy director at the Australian Bankers Association, and former adviser to John Howard.
