Luke is joined by Terry McCrann, Business Commentator with The Australian, who writes regarding Labor’s attack on super, that ‘Jim Chalmers’ superannuation reforms are not just opening the door to government and regulatory direction and manipulation – but ripping the door entirely off its hinges.’

‘Jim Chalmers is going after the biggest pool of money in Australia, bigger even than what’s in our banking system – your, and I emphasise that word, your superannuation. Oh sure, it’s dressed up to pretend to be all about you. You could not ask for a more anodyne – indeed, what in our formerly sane world was called a ‘motherhood’ – statement. The ‘consultation’ process has started on legislating the “objective of superannuation”.’

‘But that should immediately set the first amber light flashing. Hang-on, why should we have to legislate an objective for superannuation? Isn’t it self-evident? To build up at least a sufficient pool of saving for retirement? And why not, individually, the biggest possible pool that you want to put aside for your future?’

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