The SMSF Association welcomes and congratulates the Hon Chris Bowen MP who has been re-appointed Labor’s Shadow Treasurer and the Hon Katy Gallagher MP who has been appointed Shadow Minister for Small Business and Financial Services.
Association Managing Director/CEO Andrea Slattery says the Association is looking forward to working with the Opposition to build a bipartisan approach to superannuation and financial services during the life of this Parliament.
“We particularly look forward to working with Katy Gallagher in the Financial Services portfolio at a time when the superannuation industry is facing significant change from Budget night measures.
“The Association’s support for a number of the positive measures and opposition to a few Budget measures is well known, and we are hopeful of being able to present our case to the Opposition to explain why we believe some of those changes will impact on the ability for people to save adequately and achieve a dignified and secure retirement.
“We also want to urge the Opposition to work with the Government to enshrine in legislation the objective and underlying principles of superannuation as quickly as possible. It’s our firm belief that much of the uncertainty surrounding superannuation could be minimised by having its long-terms goals and those principles underpinning it legislated for.”
She says it is pleasing to see Chris Bowen reappointed as Shadow Treasurer. “Having built a good relationship with Chris, we are confident he will listen seriously to our concerns about some of the Budget measures.”
Slattery says the Association also wanted to thank the Hon Jim Chalmers MP for the constructive and important role he played when he was the Shadow Minister for Financial Services and Superannuation in the last Parliament.
“Jim was always prepared to listen to and consider the Association’s point of view on a range of superannuation and financial services issues, and it’s pleasing to see his efforts have been recognised with his promotion to the Shadow Finance portfolio.”
