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A Review Of Australia's Compulsory Superannuation Scheme After A Decade
Drew, Michael E. and Stanford, Jon D. (2003-03-01) A Review Of Australia's Compulsory Superannuation Scheme After A Decade. Discussion Paper No 322, School of Economics, University of Queensland.
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| Attached Files (Some files may be inaccessible until you login with your UQ eSpace credentials) |
| Name |
Description |
MIMEType |
Size |
Downloads |
DP322March2003.pdf
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DP322March2003.pdf |
application/pdf |
842.79KB |
2726 |
| Author(s) |
Drew, Michael E.
Stanford, Jon D.
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| Title |
A Review Of Australia's Compulsory Superannuation Scheme After A Decade
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| School, Department or Centre |
School of Economics
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| Institution |
University of Queensland
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| Report Number |
Discussion Paper No 322
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| Publication date |
2003-03-01
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| Subject |
350300 Banking, Finance and Investment
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| Abstract/Summary |
The Australian superannuation system places trustees in the key role of managing superannuation assets and we subject the role of trustee to close scrutiny while identifying the very
substantial principal-and-agent problems that exist in the industry. We consider two policy issues: member choice of fund and portability of accumulated balances in the light of how they would
improve the ability of individual members to maximise retirement benefits and the efficiency of the system. We argue that the award superannuation scheme which requires, by conditions in industrial
awards, contributions of three per cent of wage or salary of an employee continues along side the SG scheme is due for review.
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| Keyword(s) |
Superannuation
Retirement savings
Portability
Fund management
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