Has Sinodinos just delivered a super reprieve?

Arthur Sinodinos standing down from the frontbench has huge implications for Treasury's push for changes on superannuation.

Australian superannuation savers can breathe a sigh of relief that Arthur Sinodinos has stood down. Had Sinodinos continued in his role as Assistant Treasurer responsible for superannuation, he would have been distracted and would represent a major threat to superannuation, because Treasury is trying to achieve major changes to super in the budget.

As it happens, the new minister, whoever takes charge of superannuation in Sinodinos’ absence, should start by asking Treasury one simple question: “What is the Australian subsidy for super?”

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