The cash-strapped Commonwealth budget would get a $1.5 billion annual boost if the Albanese government put a $5 million limit on the amount of superannuation people can accrue, according to one of the industry’s peak lobby groups.
ASFA boss Martin Fahy: $5 million balance “a historical anomaly”. Nick Moir
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
