Government Superannuation Reforms
Source: Australia. Minister for Finance and Deregulation.
The Minister for Finance and Deregulation, Lindsay Tanner announced further reforms to improve the administration arrangements of Australian Government superannuation schemes. Lindsay Tanner said: “Over the past two years, the Rudd Government has been reforming governance and administration of Government superannuation schemes to ensure they are best placed to deliver more sustainable and cost-effective services. This ongoing reform program includes several initiatives to streamline arrangements and practices without affecting member’s benefits or entitlements.” The Department of Finance and Deregulation, with specialist assistance provided by PricewaterhouseCoopers, completed a comprehensive review of the current administration arrangements relating to the main civilian and military schemes, including long-term IT requirements for administration of the schemes."