AUSTRALIA - A Superannuation Advisory Group has been established by minister for superannuation, Senator Nick Sherry, to provide ongoing consultation between the industry and government.
Sherry said it would act as a direct sounding board for the government on superannuation issues.
He said: "I anticipate that the committee will provide a high-level perspective on superannuation issues and complement broader stakeholder consultations being undertaken by the government."
Andrea Slattery, chief executive of the Self Managed Super Funds Professionals' Association of Australia, who is a member of the group, said the government should be congratulated on its decision to develop direct consultation with industry.
She said: "This landmark initiative will ensure the integrity and stability of the superannuation environment for all Australians."
The group, which will aim to meet three times a year, had its first meeting today in Canberra.
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