Go ahead Julia... give superannuation reform a go

Having opened the issue of superannuation reform the Gillard regime should now take the opportunity to fix a flawed system.

For Julia Gillard the story so far on superannuation reform is routine: a meek attempt to float reform possibilities through ‘leaks’, a widespread backlash from interested parties and a partial backdown before the event. But hopefully the prime minister will persevere – not because money is needed elsewhere, but because the system is urgently in need of renovation.

Of course there are arguments that superannuation should be ‘left alone’ but that reasoning is flawed. It’s a ‘live’ system and many of the troubles emerging now were never envisaged by its creators.

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