Role for Combet with super group
The former Labor minister will work as a part-time principal adviser to Industry SuperFunds and stakeholders to provide advice to the ISA board on policy development relating to the inquiry.
ISA represents a group of industry retirement schemes that collectively have more than $50 billion under management. The vehicle is chaired by former NSW Liberal politician Peter Collins and includes former Victorian Labor premier John Brumby as deputy chairman.
‘‘Greg brings invaluable experience and knowledge of all aspects and functions of Industry SuperFunds. He has a clear understanding of policy development at the highest levels of government,’’ Mr Collins said. ‘‘His knowledge and experience will greatly assist ISA, and its stakeholders, in preparation for the financial systems inquiry, with a strong submission expected from Industry SuperFunds.’’
The inquiry’s terms of reference are expected to be announced by Treasurer Joe Hockey by the end of the year.
Frequently Asked Questions about this Article…
Greg Combet, a former climate change minister, has been appointed as a part-time principal adviser for Industry Super Australia. He will provide advice on policy development related to the upcoming financial systems inquiry.
Industry Super Australia (ISA) represents a group of industry retirement schemes that collectively manage over $50 billion. It is chaired by former NSW Liberal politician Peter Collins and includes former Victorian Labor premier John Brumby as deputy chairman.
Greg Combet brings invaluable experience and knowledge of Industry SuperFunds and policy development at high government levels. His expertise is expected to greatly assist ISA and its stakeholders in preparing for the financial systems inquiry.
The 'son of Wallis' financial systems inquiry is an upcoming review of financial systems, with terms of reference expected to be announced by Treasurer Joe Hockey by the end of the year. Industry SuperFunds is preparing a strong submission for this inquiry.
Greg Combet's appointment is expected to strengthen Industry SuperFunds' policy development and advocacy, potentially leading to better outcomes for everyday investors through improved financial systems and retirement schemes.
The financial systems inquiry is significant for investors as it will review and potentially reshape financial regulations and systems, impacting how investments and retirement funds are managed and protected.
Key figures in Industry Super Australia include Peter Collins, the chair, and John Brumby, the deputy chairman. Both bring political and leadership experience to the organization, guiding its strategic direction.
Investors can expect a strong and well-prepared submission from Industry SuperFunds, leveraging Greg Combet's expertise to advocate for policies that support robust and fair financial systems.
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