Government releases Cooper Review
On 5 July 2010 the Federal Government released the Cooper Review’s final report on the governance, efficiency, structure and operation of Australia's Superannuation System.
The Federal Government commissioned the Cooper Review in May 2009. It was led by Jeremy Cooper, who has been supported by a panel of seven industry representatives.
A number of recommendations have been made which will now be considered by the Federal Government. With the federal election campaign now in progress, the government's response is not expected until some time after the 21 August election.
Once the Federal Government has determined its position on the recommendations, those matters requiring legislative change will then need to pass through the Parliamentary process.
legalsuper is carefully examining the recommendations and will closely watch the Federal Government’s response to those recommendations. legalsuper will issue an update for members and stakeholders once the Federal Government’s response to the recommendations is to hand.
In the meantime, should you wish to examine in detail the Cooper Review’s final report, you will find it here www.supersystemreview.gov.au