In a move that surprised even the ABC, Labor wants to remove Coalition-introduced measures that compelled fund directors to prove they were acting in the best financial interests of their members, Sky News host Rita Panahi says.
The Albanese government intends to repeal requirements brought in by the Morrison government for industry super funds to publish itemised expenses, according to the Australian Financial Review.
"’Who could even question a requirement that super funds act in the best financial interests of their members?,’ wrote economist Peter Martin last week," Ms Panahi said.
"’Labor’s new assistant treasurer Stephen Jones, that’s who’,".
Ms Panahi discussed the issue with Sky News hosts James Morrow and Rowan Dean.