Opinion
Super wars are all about power – and far from over
The purpose of superannuation should be retirement savings. But in practice it’s about bringing Australians to heel as serfs to industry funds.
Tim Wilson and Jason FalinskiAt last week’s superannuation lending roundtable, federal Treasurer Jim Chalmers carried the bravado of George W. Bush’s “Mission Accomplished” moment, proclaiming “the super wars have largely been won”.
It’s insightful that a debate about how Australians use their own money is deemed a “war”, but it should be welcomed that Treasury has been tasked with developing a legislated purpose for the system.
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