The SMSF Association congratulates Dr Daniel Mulino, the newly appointed Assistant Treasurer and Minister for Financial Services.
SMSF Association CEO Peter Burgess said: “We’re looking forward to a constructive relationship with the new minister and working with him in a positive vein to address issues that are germane to our vibrant self-managed super fund community.
“On issues such as legacy pensions we achieved meaningful reform during the last Parliament, and look forward to building on the relationship established over the past three years.”
Burgess said the Association sees the adoption of sound tax policies that underpin the sustainability of our superannuation system, and implementing measures that will improve access to affordable, quality financial advice, as key policy priorities for our members.
Burgess said the SMSF sector had become a vital part of the $4.2 trillion superannuation system with more than $1 trillion in funds under management and nearly 1.2 million members.
“We are confident that the Government appreciates the importance of the SMSF sector to the economy as investors and, in many cases, as self-reliant retirees, and we look forward to working with Minister Mulino to ensure the ongoing viability of the SMSF sector.”