Hockey claims super reform “inevitable”

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By Leith van Onselen

It seems Treasurer Joe Hockey was an unwilling participant in Tony Abbott’s “strategic” captain’s call not to touch Australia’s wasteful and inequitable superannuation concessions.

Appearing on ABC’s Q&A program last night, Treasurer Hockey refused to rule-out reforming superannuation in the future, admitting that the system would need to be addressed eventually in the interests of Budget sustainability. From The AFR:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.