Trustee lobby group urges govt to host internal debate
The SMSF Owners’ Alliance is urging Coalition ministers and senators to insist on a debate about the government’s superannuation policy when they meet next Monday in the party room.
SMSFOA executive director Duncan Fairweather said media reports since the election indicate many ministers and senators are deeply concerned about the effect of the superannuation changes on their vote following reports that “traditional Liberal voters turned their backs on the party in anger and disillusion”.
Backbenchers should challenge senior ministers in relation to the super tax policy when the Coalition party room meets.
“Even the cabinet appears to be split with reports that Julie Bishop, Chris Pyne, Peter Dutton and Barnaby Joyce have expressed concerns about the voter backlash but have been rebuffed by Malcolm Turnbull, Scott Morrison and George Brandis,” said Mr Fairweather.
“The Coalition backbench should insist on a review of the controversial superannuation changes before they are introduced to the parliament in legislation.”
Mr Fairweather said Labor should refuse to pass the superannuation legislation in parliament until it has been independently reviewed.
“The Tax White Paper process was stopped in its tracks and the review of the objective of superannuation just went through the motions to justify decisions made in the budget.”
Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.
Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates. Miranda has also directed SMSF Adviser's print publication for several years.
Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.