One great stride towards super efficiency

The Productivity Commission's inquiry into default super fund selection is a major step to redressing an inappropriate and potentially dangerous inequity.

Bill Shorten and Mark Arbib took a great step on Friday towards addressing a major inequity and inefficiency in the award superannuation system when they asked the Productivity Commission to conduct an inquiry into the selection of default super funds in modernised awards.

Three years ago the old Australian Industrial Relations Commission handed down its first decisions in the government’s 'awards modernisation' program, creating new awards for 17 of the industries and occupations prioritised by the program.

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