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Super reforms pass lower house after government dumps ‘veto power’

Michael Read

The government’s signature superannuation reform package passed the lower house on Thursday evening, after a controversial power allowing the Treasurer to veto super fund investments was dumped due to objections by Nationals MP Barnaby Joyce and members of the crossbench.

The bill passed the lower house on Thursday evening 66 votes to 62, with the government gaining the support of crossbench MPs Rebekha Sharkie and Bob Katter.

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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

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    Original URL: https://www.afr.com/politics/government-to-backtrack-on-controversial-power-to-save-super-reform-20210603-p57xnc