Original article by Andrew White
The Australian – Page: 17 & 21 : 14-Nov-17
Former treasurer Peter Costello recently suggested that a government-run fund could be set up to look after default superannuation contributions. However, this idea does not have the support of former prime minister Paul Keating, who initiated compulsory superannuation. He says this would amount to a monopoly which the Liberal Party would want to eventually sell off to the private sector. The Productivity Commission is currently investigating the best way forward for determining how default super contributions should be allocated.
LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIA. FUTURE FUND MANAGEMENT AGENCY, AUSTRALIAN LABOR PARTY