Superannuation (Objective) Bill 2023
The Superannuation (Objective) Bill 2023 — introduced into Parliament on 16 November 202, proposes to enshrine the objective of superannuation in legislation.
The objective of superannuation is to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.
Policy makers will be required to assess future changes to superannuation legislation for compatibility with the objective.
The Bill will commence 28 days after Royal Assent.
