Yet again, Peter Costello defends his super rorts

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By Leith van Onselen

Over the long weekend, former Treasurer Peter Costello once again warned against making changes to Australia’s superannuation system, arguing that it risks “killing public confidence in the system”. From The Australian:

Mr Costello, who overhauled the superannuation system during his time as treasurer, said the constant changes and proposed changes to superannuation could lead people to conclude that it was “not a very safe investment”.

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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.