That the following matter be referred to the Economics References Committee for inquiry and report by 30 June 2024.

On improving consumer experiences, choice, and outcomes in Australia’s retirement system, with reference to:

a. regulatory and tax impediments to innovation and uptake of insurance
products in retirement;

b. the economic costs and opportunities of innovation in our retirement
income system;

c. the interaction of health insurance, life insurance, general insurance,
and social security supports to retirement outcomes, including options
to improve incentives that drive consumer outcomes and support the
sustainability of the retirement income system;

d. the potential role of FinTech platforms, technologies, and innovations
in supporting better retirement outcomes;

e. policy options to support greater choice and quality of life in the
retirement income system, including but not limited to the aged
pension, financial advice, home ownership and downsizing, and
insurance;

f. progress on implementing the Retirement Income Covenant; and

g. the impact of climate change on insurance premium
affordability and accessibility;

h. the impact that climate change is likely to have on insurance
premiums for products including life, home and contents
and small business;

i. the impact of climate change on the value of assets (e.g.,
houses, investments) of retired people; and

j. any other related matters.