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Deborah Ralston, Professorial fellow, Monash University

31 years after the advent of compulsory super, the government is about to decide what it's for. The answer will matter

Today Treasurer Jim Chalmers released a consultation paper on “Legislating the Purpose of Superannuation”.

This is a long-awaited piece of work that has been the subject of ongoing discussion since it was recommended by the Rudd government’s Financial System Inquiry in 2014.

A subsequent bill introduced by the Morrison government failed to obtain agreement and lapsed in 2019.

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