Superannuation shouldn’t be untouchable, says expert: ‘People get hysterical’
An expert is calling for a public debate on the flexibility of Australia's superannuation system, suggesting it could be used for housing or wage support. This proposal has sparked political friction between the Labor government and opposition parties.
Why it matters
The debate touches on the fundamental purpose of retirement savings versus immediate economic relief, a major policy issue in Australia.
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Share A A A A leading superannuation expert has called for an open debate on the use of retirement savings for housing and non-retirement purposes as the Coalition’s top brass splits on how to respond to One Nation’s plan to use super to top up wages.
Days after Labor declared the next election a referendum on superannuation, Dr Emily Millane – who is about to publish Super , a history of Australia’s multitrillion-dollar private pension scheme – said the debate on super had become “hysterical”.
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