In 1981, about a decade before superannuation became compulsory in Australia, CEDA released an information paper titled Superannuation – at what cost?
In
Superannuation - at what cost? the objective of superannuation was generally seen as being to provide for the financial needs of members once they stopped working, although there were concerns about generous taxation concessions incentivising savings for tax minimisation purposes rather than retirement.
The paper concluded that the future of superannuation schemes would depend on government superannuation taxation policy, foreseeing a move towards removing some of the concessions that existed then in order to promote greater coverage.
Contents
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| Foreword |
2
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Section I
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3
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3
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3
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3
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Section II
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6
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6
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- Responsibility for the Control and Administration of Superannuation Funds
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6
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8
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8
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10
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Section III
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12
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12
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12
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- Taxation and superannuation scheme
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12
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- The public service vs. other schemes
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13
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A national superannuation scheme
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14
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Conclusion
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14
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| Appendix - Address by Senator Don Grimes, Shadow Minister for Social Security |
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