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Published

March 1, 2023

AU Treasury - Legislating the objective of superannuation 2

Proposal from the Australian Government for a legislated objective of superannuation being ‘to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.’

Policy & Regulation

AU Treasury - Legislating the objective of superannuation 2

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Submission

March 1, 2023

AU Treasury - Legislating the objective of superannuation 2

Table of contents

Contributors

Speakers

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RIAA supports the Government’s proposal for a legislated objective of super being ‘to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.’

In RIAA’s view:
– The definition of ‘sustainable’ should support responsible investment strategies over long-term time horizons,
– The objective should align with national and global sustainability goals, and
– Existing obligations for super funds, including the Your Future, Your Super performance test, should align with the objective.

About the contributors

About the speakers

No items found.

RIAA supports the Government’s proposal for a legislated objective of super being ‘to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.’

In RIAA’s view:
– The definition of ‘sustainable’ should support responsible investment strategies over long-term time horizons,
– The objective should align with national and global sustainability goals, and
– Existing obligations for super funds, including the Your Future, Your Super performance test, should align with the objective.