Abstract:
The Commission was asked in February 2001 to review the Superannuation Industry (Supervision) Act and certain other superannuation legislation. Superannuation savings are growing rapidly and now amount to more than $500 billion. Most of the workforce is covered by superannuation. The community therefore has a strong interest in the prudent management and supervision of superannuation funds. The Commission's preferred option is to amend the SIS Act with a view to removing unnecessary restriction of competition and reduce compliance costs.
Keywords:superannuation; -; legislation; review; -; finance; -; competition (search for similar items in EconPapers) JEL-codes:G (search for similar items in EconPapers) Date: 2002-08-01 Note: Type of Document - Word 97; prepared on IBM PC; to print on HP; pages: 272; figures: included