Review into Australia’s superannuation system

Senator Nick Sherry, Minister for Superannuation and Corporate Law, has announced the details of the Review into the governance, efficiency, structure and operation of Australia’s superannuation system including the membership of the Expert Panel and the Terms of Reference.

This follows the release last month of an industry-wide Communique of Principles on the Australian superannuation system, which contained an industry resolution that the operational features of the system be examined.

The Review will report to the Government by 30 June, 2010, although it may report on particular issues prior to that date.

The Review will commence its work early in the new financial year and the Panel will call for public submissions and conduct public hearings in due course.

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