SMSFA welcomes shadow ministry appointments

The SMSF Association has welcomed the reappointment of Chris Bowen and the appointment of Katy Gallagher to their shadow treasury and financial services roles respectively.

Chris Bowen has been reappointed Labor's shadow treasurer while Katy Gallagher has been appointed shadow minister for small business and financial services.

SMSF Association chief executive Andrea Slattery said that the association looks forward to working with the opposition in building a bipartisan approach to superannuation and financial services.

“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,” she said.

Ms Slattery urged the opposition to work with the government in enshrining in legislation the objective and underlying principles of super as quickly as possible.

“It’s our firm belief that much of the uncertainty surround superannuation could be minimised by having its long-term goals, and those principles underpinning it, legislated for,” she said.

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