Super funds will still be required to provide itemised information about political donations after Labor backflipped on a controversial proposal that would have allowed funds to declare donations in aggregate.
The proposal to shield funds from the obligation to disclose specific information about political donations had faced heavy scrutiny from the crossbench and the opposition, which is still threatening to disallow the government’s new regulations.
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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
