"....But, objectively, are the changes announced by the Treasurer Scott Morrison in the 3 May Budget an appropriate mix capable of serving the best interests of superannuation funds and their members over the three-year life of Parliament?..."

What does this mean? That the taxpayer has to fund our industry with an open cheque book? The reality is the Costello open cheque book days were always unsustainable. It is appropriate that the Liberals tidy up the mess they made and that is all they are doing. The industry needs to support government in this rather than acting as a self serving, rent seeking part of the economy apparently incapable of existence without compulsion and massive tax subsidies.

The objective for super has been set out much more appropriately by Murray and the politicians. If our industry cannot get on board we are going to go the way of motor vehicle manufacturing where people end up saying enough is enough and take the trough away.