Original article by Jennifer Hewett
The Australian Financial Review – Page: 1 & 2 : 27-Jul-15

The Federal Government’s proposed superannuation reforms have been criticised by Industry Super Australia in its submission to Assistant Treasurer Josh Frydenberg. The reforms will require one-third of super fund directors, and the chairman, to be independent, while employers and unions will no longer need to have representatives on the board. ISA argues that under the current governance model industry funds’ returns have generally been higher than those of retail funds.

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INDUSTRY SUPER AUSTRALIA PTY LTD, AUSTRALIA. DEPT OF THE TREASURY, HOST-PLUS, NATIONAL SENIORS AUSTRALIA LIMITED, MASTER BUILDERS AUSTRALIA INCORPORATED