Australian Retirement Trust (ART) strongly supports the public consultation on the proposed review of the objective of super.
“Australian Retirement Trust sees the purpose of super as creating a retirement income stream along with other retirement benefits for the 16 million working Australians so they can retire well, with confidence,” said ART CEO, Bernard Reilly.
“Ultimately all of the features of our superannuation system, whether that's balance caps or tax settings, should be about making our superannuation system both sustainable and equitable. An objective of superannuation that is enshrined in legislation will make all these other discussions and debates easier for the industry.
“Preserving those savings for retirement is a key plank of the proposal – and we welcome it.
“As always, Australian Retirement Trust will be engaging in the policy process to advocate for the best financial interests of our 2.2 million members across Australia.”