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In early March, Pauline Vamos, CEO of ASFA, hosted a breakfast for superannuation industry leaders, where she outlined the key concerns and areas of focus for ASFA this year, including where ASFA is hoping to play a crucial role in shaping debate.
Ms Vamos said that it is likely that changes to superannuation will only be made in one of three situations: where certainty is needed, where urgent action is required to fix something and where an election promise has been made.
She did take the view, however, that there will be more, rather than less, industry consultation and collaboration under a Coalition government.
Ms Vamos also commented on the Financial System Inquiry, acknowledging that while super is only part of the wider financial system, it is an increasingly pivotal one. Questions surrounding the tax system as it relates to super continue to be raised and, in the view of ASFA, the industry must maintain control of the payments system, as it would be all too easy otherwise for the ATO to become the major gatekeeper.
