Super changes to ‘cement power’ of industry funds
The Coalition’s signature superannuation reforms will cement the power of a few large industry super funds the government has previously accused of bad behaviour, as senators consider whether underperforming funds should be allowed to benefit from the proposed changes.
The funds are set to benefit from the proposed “stapling” law designed to get rid of duplicate superannuation accounts that will have workers’ first super fund follow them as they move from job to job.
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