No. 2010/04
30 June 2010
Super System Review delivers final report to Government
The Super System Review Panel has today delivered its final report to Government in accordance with its terms of reference.
The Government will consider the report and will make its own decision concerning the timing of its release and the response to the recommendations made in the report.
The Super System Review has now completed its work and the Panel would like to thank all those who supported the Review by making submissions, providing feedback and encouragement along the way.
Background
The Review has completed consultation in three phases: Governance; Operation and Efficiency; and Structure (including SMSFs), and has received over 450 formal submissions amounting to nearly 7,300 pages of opinions, ideas and data. Importantly, over 200 of those submissions were made by individual super fund members.
During the course of its work, the Panel issued the following nine documents which included issues papers, preliminary reports and a statistical summary of the SMSF sector.
| Title | Date of release | Content |
|---|---|---|
| Scope of the Review: A Three-Phased Consultation |
25 August 2009 | Set out the Panel's approach to the Review |
| Phase One Issues Paper - Governance |
25 August 2009 | Raised issues relevant to governance, to guide interested parties in making submissions |
| Phase Two Issues Paper - Operation & Efficiency |
16 October 2009 | Raised issues relevant to operation and efficiency, to guide interested parties in making submissions |
| A Statistical Summary of SMSFs | 10 December 2009 | A broad factual overview of the SMSF sector |
| Phase Three Issues Paper - Structure (including SMSFs) |
14 December 2009 | Raised issues relevant to structure and SMSFs, to guide interested parties in making submissions |
| Clearer Super Choices: Matching Governance Solutions |
14 December 2009 | The phase one preliminary report that outlined a 'choice architecture' for the industry |
| SuperStream | 22 March 2010 | The phase two preliminary report addressing 'back office' issues with the superannuation industry |
| MySuper | 19 April 2010 | Further detail on an aspect of the choice architecture outlined in the phase one preliminary report |
| Self-Managed Super Solutions | 29 April 2010 | The phase three preliminary report discussing SMSFs |
More information
More information on the Super System Review is available at www.supersystemreview.gov.au.
Alternatively, call the Super System Review info line on 1800 020 008.
Media Contact
Sophie Trumble – Tel: 03 9280 3376