Original article by John Kehoe
The Australian Financial Review – Page: 1 & 4 : 30-Sep-19
SMSF Association chair Deborah Ralston was recently named as a members of the federal government’s review of the retirement income system. It has been revealed that Ralston wrote to Treasurer Josh Frydenberg in early July. Amongst other things, she suggested that compulsory superannuation contributions could become voluntary for people on low incomes and young workers, a proposal that has been criticised by Industry Super Australia chairman Greg Combet. Ralston also called for the abolition of tax concessions for large super balances and questioned the need to increase the super guarantee from 9.5 per cent to 12 per cent.
SMSF ASSOCIATION, AUSTRALIA. DEPT OF THE TREASURY, MONASH UNIVERSITY, INDUSTRY SUPER AUSTRALIA PTY LTD, ACTU, ALLIANCE FOR A FAIRER RETIREMENT SYSTEM, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET