Playtime is over for industry funds

Arthur Sinodinos is undertaking a radical change in the Australian superannuation sector, which will cut red tape cut and give employees more choice than ever before.

Australia is now set for a major change in the way employees select their superannuation funds. The AMP, MLC and other privately owned superannuation funds have a second chance to take market share from the industry funds. But self-managed funds are set to continue to increase their dominance of Australian superannuation.

This conclusion comes from a rare peep the Arthur Sinodinos KGB interview gave Business Spectator readers into the workings of the government and the widespread power of Small Business Minister Bruce Billson. 

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