Footnotes

Chapter 1

[1]        Parliamentary Joint Committee on Corporations and Financial Services, Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2011 and the Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2011, March 2012.

[2]        Review into the governance, efficiency, structure and operation of Australia's superannuation system, http://www.supersystemreview.gov.au/ (accessed 24 September 2012).

[3]        Australian Government, Terms of reference – Super System Review, http://www.supersystemreview.gov.au/content/terms_of_reference.aspx (accessed 27 February 2012).

[4]        Jeremy Cooper et al, Super System Review: Final Report; Part two – Recommendation packages, 30 June 2010, p. iii.

[5]        Australian Government, Stronger Super – Government response, 16 December 2010, p. 3.

[6]        The Hon. Chris Bowen MP, Minister for Financial Services, 'Superannuation and Corporate Law, Government releases Cooper review into superannuation', Media Release No. 84. The increase in the Superannuation Guarantee from 9 to 12 per cent was announced in the 2010 federal budget.

[7]        Stronger Super Information Pack, 21 September 2011, p. v http://strongersuper.treasury.gov.au/content/publications/information_pack/downloads/information_pack.pdf (accessed 24 September 2012).

[8]        The Hon. Chris Bowen MP, the Hon. Julia Gillard MP,the Hon. Wayne Swan MP, 'Labor helps families save with simpler low-cost super', 1 August 2010 http://www.alp.org.au/federal-government/news/labor-helps-families-save-with-simpler-low-cost-su/

[9]        http://strongersuper.treasury.gov.au/content/Content.aspx?doc=home.htm (accessed 24 September 2012)

[10]      The Hon. Bill Shorten MP, Minister for Financial Services and Superannuation, House of Representatives Hansard, 3 November 2011, pp 12683–12684.

[11]      Dr David Gruen, 'MySuper—Thinking seriously about the default option', Paper presented to the special session on Superannuation at the Australian Conference of Economists, 28 September 2010. http://www.treasury.gov.au/PublicationsAndMedia/Speeches/2010/MySuper-Thinking-seriously-about-the-default-option (accessed 26 September 2012).

[12]      http://strongersuper.treasury.gov.au/content/Content.aspx?doc=reforms.htm (accessed 24 September 2012).

[13]      Stronger Super Information Pack, 21 September 2011, http://strongersuper.treasury.gov.au/content/publications/information_pack/downloads/information_pack.pdf (accessed 24 September 2012).

[14]      The Hon. Bill Shorten MP, 'Business embracing government's MySuper reforms', Media Release No. 057, 4 September 2012, http://ministers.treasury.gov.au/DisplayDocs.aspx?doc=pressreleases/2012/057.htm&pageID=003&min=brs&Year=&DocType= (accessed 24 September 2012). See also Annette Sampson, 'MySuper unleashes competition and value', Sydney Morning Herald, 22 September 2012, p. 13.

[15]      The Hon. Bill Shorten MP, 'Business embracing government's MySuper reforms', Media Release No. 057, 4 September 2012.

[16]      http://strongersuper.treasury.gov.au/content/Content.aspx?doc=home.htm (accessed 24 September 2012)

[17]      The Hon. Bill Shorten MP, 'Paul Costello to Chair Consultation Panel on Stronger Super Reforms', Media Release No. 021, 1 February 2011, http://ministers.treasury.gov.au/DisplayDocs.aspx?doc=pressreleases/2011/021.htm&pageID=003&min=brs&Year=&DocType= (accessed 24 September 2012).

[18] http://strongersuper.treasury.gov.au/content/Content.aspx?doc=consultations/working_groups/mysuper/default.htm (accessed 24 September 2012).

[19]      Stronger Super Information Pack, 21 September 2011 http://strongersuper.treasury.gov.au/content/publications/information_pack/downloads/information_pack.pdf (accessed 24 September 2012).

[20]      Parliamentary Joint Committee on Corporations and Financial Services, Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2011 and the Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2011, March 2012, p. 36.

[21]      The Treasury, 'Regulation Impact Statement: Stronger Super Implementation', September 2011', p. 40. See the chapter on 'SuperStream' for further details on the reform (pp 40–58).

[22]      Explanatory Memorandum, Superannuation Legislation Amendment (Stronger Super) Bill 2012, Superannuation Supervisory Levy Imposition Amendment Bill 2012, p. 25.

[23]      Parliamentary Joint Committee on Corporations and Financial Services, Superannuation Legislation Amendment (Stronger Super) Bill 2012 and the Superannuation Supervisory Levy Imposition Amendment Bill 2012, May 2012, p. 33.

[24]      Mr Gerard Noonan, Vice President, Australian Institute of Superannuation Trustees, Proof Committee Hansard, 5 October 2012, p. 27.

[25]      Ms Michelle Levy, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 19.

[26]      Mr David Haynes, Australian Institute of Superannuation Trustees, Proof Committee Hansard, 5 October 2012, p. 27.

[27]      Mr Andrew Bragg, Senior Policy Manager, Financial Services Council, Proof Committee Hansard, 5 October 2012, p. 7.

Chapter 2

[1]        The Hon. Bill Shorten MP, Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Bill 2012, Second Reading Speech, House of Representatives Hansard, pp 12683–12684.

[2]        Explanatory Memorandum, p. 8.

[3]        Explanatory Memorandum, p. 11.

[4]        Explanatory Memorandum, p. 7.

[5]        Review into the governance, efficiency, structure and operation of Australia's superannuation system, 2010, p. 13 http://www.supersystemreview.gov.au/ (accessed 24 September 2012).

[6]        Explanatory Memorandum, pp 12–13.

[7]        Explanatory Memorandum, p. 14.

[8]        Explanatory Memorandum, p. 14.

[9]        Explanatory Memorandum, p. 16.

[10]      Explanatory Memorandum, p. 15.

[11]      Mr Jonathan Rollings, Treasury, Proof Committee Hansard, 5 October 2012, p. 45.

[12]      Explanatory Memorandum, p. 15.

[13]      Explanatory Memorandum, p. 15.

[14]      Proposed subsection 99A of the SIS Act

[15]      Explanatory Memorandum, p. 31.

[16]      Explanatory Memorandum, p. 18.

[17]      Mr Richard Klipin, Chief Executive Officer, Association of Financial Advisors, Proof Committee Hansard, 5 October 2012, p. 21.

[18]      Mr Richard Klipin, Proof Committee Hansard, 5 October 2012, p. 21.

[19]      Mr Richard Klipin, Proof Committee Hansard, 5 October 2012, p. 21.

[20]      Australian Institute of Superannuation Trustees, Submission 19, p. 6.

[21]      Mr Adam Hawkins, Analyst, Financial Systems Division, Treasury, Proof Committee Hansard, 5 October 2012, p. 44.

[22]      Law Council of Australia, Submission 10, p. 3.

[23]      Ms Michelle Levy, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 16.

[24]      Ms Michelle Levy, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 16.

[25]      Law Council of Australia, Submission 10, p. 4.

[26]      Proposed subsection 29VD(6) of the SIS Act

[27]      Ms Michelle Levy, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 16.

[28]      Law Council of Australia, Submission 10, p. 4.

[29]      Mr Matthew Linden, Industry Super Network, Proof Committee Hansard, 5 October 2012, p. 40.

[30]      Industry Super Network, Submission 20, pp 6–7.

[31]      Ms Michelle Levy, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 16.

[32]      Law Council of Australia, Submission 10, p. 6.

[33]      Law Council of Australia, Submission 10, p. 7.

[34]      Law Council of Australia, Submission 10, p. 4.

[35]      Law Council of Australia, Submission 10, p. 4.

[36]      Law Council of Australia, Submission 10, p. 4.

[37]      Law Council of Australia, Submission 10, p. 4.

[38]      Ms Michelle Levy, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 20.

[39]      Mr Douglas Latto, Corporate Super Specialist Alliance, Proof Committee Hansard, 5 October 2012, p. 13.

[40]      Review into the governance, efficiency, structure and operation of Australia's superannuation system, 2010, p. 14 http://www.supersystemreview.gov.au/ (accessed 24 September 2012).

[41]      Review into the governance, efficiency, structure and operation of Australia's superannuation system, 2010, p. 14 http://www.supersystemreview.gov.au/ (accessed 24 September 2012).

[42]      Explanatory Memorandum, p. 25.

[43]      Explanatory Memorandum, p. 26.

[44]      Explanatory Memorandum, p. 27.

[45]      Explanatory Memorandum, p. 27.

[46]      Explanatory Memorandum, p. 27.

[47]      Explanatory Memorandum, p. 24.

[48]      Professional Finance Solutions, Submission 29, p. 4.

Chapter 3

[1]        Explanatory Memorandum, p. 31.

[2]        Review into the governance, efficiency, structure and operation of Australia's superannuation system, 2010, p. 13 http://www.supersystemreview.gov.au/ (accessed 24 September 2012).

[3]        Review into the governance, efficiency, structure and operation of Australia's superannuation system, 2010, p. 99.

[4]        Explanatory Memorandum, p. 31.

[5]        Explanatory Memorandum, p. 35.

[6]        Explanatory Memorandum, pp 35–36.

[7]        Review into the governance, efficiency, structure and operation of Australia's superannuation system, 2010, p. 120 http://www.supersystemreview.gov.au/ (accessed 24 September 2012).

[8]        Explanatory Memorandum, p. 37.

[9]        Explanatory Memorandum, p. 38.

[10]      Explanatory Memorandum, paragraph 3.29, p. 38.

[11]      Explanatory Memorandum, p. 39.

[12]      Review into the governance, efficiency, structure and operation of Australia's superannuation system, 2010, p. 21 http://www.supersystemreview.gov.au/ (accessed 24 September 2012).

[13]      Explanatory Memorandum, p. 32.

[14]      Explanatory Memorandum, p. 40.

[15]      Explanatory Memorandum, p. 41.

[16]      Explanatory Memorandum, p. 42.

[17]      Explanatory Memorandum, p. 42.

[18]      Explanatory Memorandum, p. 42.

[19]      Proposed subsection 10(1) of the SIS Act, Explanatory Memorandum, p. 43.

[20]      Explanatory Memorandum, p. 42.

[21]      Review into the governance, efficiency, structure and operation of Australia's superannuation system, 2010, p. 30 http://www.supersystemreview.gov.au/ (accessed 24 September 2012).

[22]      Explanatory Memorandum, p. 45.

[23]      Explanatory Memorandum, p. 46.

[24]      Paragraphs 1017BB(1)(a) and (b)

[25]      Explanatory Memorandum, p. 46.

[26]      Subsections 1021NB(1) and (5)

[27]      Explanatory Memorandum, p. 51.

[28]      Explanatory Memorandum, p. 48.

[29]      Explanatory Memorandum, p. 49.

[30]      Explanatory Memorandum, p. 52.

[31]      Ms Michelle Levy, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 16.

[32]      Law Council of Australia, Submission 10, p. 9.

[33]      Law Council of Australia, Submission 10, p. 9.

[34]      Law Council of Australia, Submission 10, p. 9.

[35]      Law Council of Australia, Submission 10, p. 9.

[36]      Mr David Haynes, Australian Institute of Superannuation Trustees, Proof Committee Hansard, 5 October 2012, p. 28.

[37]      Mr David Haynes, Proof Committee Hansard, 5 October 2012, p. 28.

[38]      Industry Super Network, Submission 20, pp 2–3.

[39]      Industry Super Network, Submission 20, p. 3.

[40]      Ms Michelle Levy, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 20.

[41]      Ms Michelle Levy, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 16 and p. 20.

[42]      Ms Michelle Levy, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 16.

[43]      Association of Superannuation Funds of Australia, Submission 17, p. 6.

[44]      Explanatory Memorandum, p. 55.

[45]      The Hon. Bill Shorten MP, Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Bill 2012, Second Reading Speech, House of Representatives Hansard, pp 12683–12684.

[46]      Explanatory Memorandum, pgs 56 and 60.

[47]      Explanatory Memorandum, p. 57.

[48]      Explanatory Memorandum, p. 55.

[49]      Explanatory Memorandum, p. 61.

[50]      Explanatory Memorandum, p. 57.

[51]      Explanatory Memorandum, p. 57.

[52]      Explanatory Memorandum, p. 68.

[53]      Explanatory Memorandum, p. 68.

[54]      Explanatory Memorandum, p. 70.

[55]      Explanatory Memorandum, p. 70.

Chapter 4

[1]        Stronger Super, Government response to the Review 2010, http://strongersuper.treasury.gov.au/content/publications/government_response/downloads/Stronger_Super.pdf (accessed 1 October 2012).

[2]        Explanatory Memorandum, p. 73. New default super contributions must be paid into MySuper from 1 January 2014.

[3]        See Australian Industry Superannuation Trustees, Submission 19, p. 10.

[4]        The Hon. Bill Shorten MP, Minister for Financial Services and Superannuation, House of Representatives Hansard, 3 November 2011, pp 12683–12684.

[5]        Explanatory Memorandum, p. 73.

[6]        Proposed section 20B of the SIS Act

[7]        Explanatory Memorandum, p. 76.

[8]        Explanatory Memorandum, p. 77.

[9]        Explanatory Memorandum, p. 73.

[10]      Explanatory Memorandum, p. p. 78.

[11]      Explanatory Memorandum, p. 79.

[12]      Explanatory Memorandum, p. 79.

[13]      Explanatory Memorandum, p. 76.

[14]      Mr Douglas Latto, President, Corporate Super Specialist Alliance, Proof Committee Hansard, 5 October 2012, p. 10.

[15]      Mr Andrew Bragg, Senior Policy Manager, Financial Services Council, Proof Committee Hansard, 5 October 2012, pp 1–2.

[16]      Financial Services Council, Submission 16, p. 7.

[17]      Financial Services Council, Submission 16, p. 5.

[18]      Mr Andrew Bragg, Senior Policy Manager, Financial Services Council, Proof Committee Hansard, 5 October 2012, p. 2.

[19]      Financial Services Council, Submission 16, p. 4. Mr Andrew Bragg, Senior Policy Manager, Financial Services Council, Proof Committee Hansard, 5 October 2012, p. 2.

[20]      See Mr Andrew Bragg, Senior Policy Manager, Financial Services Council, Proof Committee Hansard, 5 October 2012, pp 4–5; Mr Phil Anderson, Chief Operating Officer, Association of Financial Advisers, Proof Committee Hansard, p. 24.

[21]      Mr Douglas Latto, President, Corporate Super Specialist Alliance, Proof Committee Hansard, 5 October 2012, p. 11.

[22]      Mr Phil Anderson, Chief Operating Officer, Association of Financial Advisers, Proof Committee Hansard, 5 October 2012, p. 22.

[23]      Mr Nathan Hodge, Financial Services Council, Proof Committee Hansard, 5 October 2012, p. 5.

[24]      Mr Douglas Latto, President, Corporate Super Specialist Alliance, Proof Committee Hansard, 5 October 2012, p. 10.

[25]      Mr Nathan Hodge, Financial Services Council, Proof Committee Hansard, 5 October 2012, p. 7.

[26]      Mr Gareth Hall, Treasurer, Corporate Super Specialist Alliance, Proof Committee Hansard, 5 October 2012, p. 13.

[27]      Explanatory Memorandum, p. 79.

[28]      Mr Richard Klipin, Chief Executive Officer, Association of Financial Advisors, Proof Committee Hansard, 5 October 2012, p. 21.

[29]      Mr Douglas Latto, President, Corporate Super Specialist Alliance, Proof Committee Hansard, 5 October 2012, pp 11–12.

[30]      Mr Andrew Bragg, Senior Policy Manager, Financial Services Council, Proof Committee Hansard, 5 October 2012, p. 5.

[31]      AMP, Submission 18, p. 2.

[32]      Mr Jonathan Rollings, Principal Adviser, Superannuation, Financial System Division, Treasury, Proof Committee Hansard, 5 October 2012, p. 44.

[33]      Financial Services Council, Submission 16, pp 8–9.

[34]      Mr Andrew Bragg, Senior Policy Manager, Financial Services Council, Proof Committee Hansard, 5 October 2012, p. 3.

[35]      Mr Douglas Latto, President, Corporate Super Specialist Alliance, Proof Committee Hansard, 5 October 2012, p. 12.

[36]      Financial Services Council, Submission 16, p. 8.

[37]      Mr Gareth Hall, Treasurer, Corporate Super Specialist Alliance, Proof Committee Hansard, 5 October 2012, p. 14.

[38]      Mr Andrew Bragg, Senior Policy Manager, Financial Services Council, Proof Committee Hansard, 5 October 2012, p. 4.

[39]      Mr Richard Klipin, Chief Executive Officer, Association of Financial Advisors, Proof Committee Hansard, 5 October 2012, p. 21.

[40]      Mr Richard Klipin, Proof Committee Hansard, 5 October 2012, pp 21–22.

[41]      Mr Douglas Latto, President, Corporate Super Specialist Alliance, Proof Committee Hansard, 5 October 2012, p. 11.

[42]      Mr Phil Anderson, Chief Operating Officer, Association of Financial Advisers, Proof Committee Hansard, p. 24.

[43]      Mr Phil Anderson, Proof Committee Hansard, p. 23.

[44]      Financial Services Council, Submission 16, p. 13.

[45]      Financial Services Council, Submission 16, p. 13.

[46]      Mr Andrew Bragg, Senior Policy Manager, Financial Services Council, Proof Committee Hansard, 5 October 2012, p. 2.

[47]      Financial Services Council, Submission 16, pp 7–8.

[48]      Australian Prudential Regulation Authority, Draft Prudential Standard SPS 410, http://www.apra.gov.au/Super/PrudentialFramework/Documents/Draft-Prudential-Standard-SPS-410-MySuper-Transition-(May-2012).pdf (accessed 5 October 2012).

[49]      Mr Jonathan Rollings, Principal Adviser, Superannuation, Financial System Division, Treasury, Proof Committee Hansard, 5 October 2012, p. 42.

[50]      Mr Adam Hawkins, Analyst, Financial Systems Division, Treasury, Proof Committee Hansard, 5 October 2012, p. 42.

[51]      Mr Jonathan Rollings, Principal Adviser, Superannuation, Financial System Division, Treasury, Proof Committee Hansard, 5 October 2012, p. 42.

[52]      Australian Institute of Superannuation Trustees, Submission 19, p. 9.

[53]      Mr David Haynes, Project Director, Australian Institute of Superannuation Trustees, Proof Committee Hansard, 5 October 2012, p. 27.

[54]      Industry Super Network, Submission 20, p. 17. See also Nr Matthew Linden, Chief Policy Officer, Super Industry Network, Proof Committee Hansard, 5 October 2012, p. 39.

[55]      'Retirement Planning Report', July 2011.

[56]      Industry Super Network, Submission 20, p. 17.

[57]      Industry Super Network, Submission 20, p. 18.

[58]      Mr David Haynes, Australian Institute of Superannuation Trustees, Proof Committee Hansard, 5 October 2012, p. 27.

[59]      Mr David Haynes, Proof Committee Hansard, 5 October 2012, p. 30.

[60]      Mr Jonathan Rollings, Principal Adviser, Superannuation, Financial System Division, Treasury, Proof Committee Hansard, 5 October 2012, p. 46.

[61]      Mr Jonathan Rollings, Proof Committee Hansard, 5 October 2012, p. 43.

[62]      Mr David Haynes, Proof Committee Hansard, 5 October 2012, p. 30.

[63]      Mr David Haynes, Proof Committee Hansard, 5 October 2012, p. 30.

[64]      Mr David Haynes, Proof Committee Hansard, 5 October 2012, p. 29.

[65]      Mr David Haynes, Proof Committee Hansard, 5 October 2012, p. 29.

[66]      Mr Matthew Linden, Chief Policy Adviser, Industry Super Network, Proof Committee Hansard, 5 October 2012, p. 40.

[67]      Mr Matthew Linden, Proof Committee Hansard, 5 October 2012, p. 41.

[68]      Mr Jonathan Rollings, Principal Adviser, Superannuation, Financial System Division, Treasury, Proof Committee Hansard, 5 October 2012, p. 43.

[69]      Mr Jonathan Rollings, Proof Committee Hansard, 5 October 2012, p. 43.

[70]      Mr Jonathan Rollings, Proof Committee Hansard, 5 October 2012, p. 43.

[71]      Explanatory Memorandum, p. 78.

[72]      The Hon. Bill Shorten MP, Minister for Financial Services and Superannuation, House of Representatives Hansard, 3 November 2011, pp 12683–12684.

[73]      Explanatory Memorandum, p. 80.

[74]      The Hon. Bill Shorten MP, Minister for Financial Services and Superannuation, House of Representatives Hansard, 3 November 2011, pp 12683–12684.

[75]      The LCA also raised this issue of constitutionality in relation to the effective requirement for trustees to “elect” to not charge fees relating to paying conflicted remuneration. Submission 10, p. 3.

[76]      Ms Michelle Levy, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 17.

[77]      Ms Michelle Levy, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 17.

[78]      Ms Michelle Levy, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 17.

[79]      Law Council of Australia, Submission 10, p. 3.

[80]      Mr Jonathan Rollings, Principal Adviser, Superannuation, Financial System Division, Treasury, Proof Committee Hansard, 5 October 2012, p. 43.

Chapter 5

[1]        The Hon. Bill Shorten MP, Minister for Financial Services and Superannuation, House of Representatives Hansard, 3 November 2011, pp 12683–12684.

[2]        Explanatory Memorandum, p. 76.

[3]        Explanatory Memorandum, p. 76.

[4]        Review into the governance, efficiency, structure and operation of Australia's superannuation system, 2010, p. 293 http://www.supersystemreview.gov.au/ (accessed 24 September 2012).

[5]        Review into the governance, efficiency, structure and operation of Australia's superannuation system, 2010, p. 30 http://www.supersystemreview.gov.au/ (accessed 24 September 2012).

[6]        Review into the governance, efficiency, structure and operation of Australia's superannuation system, 2010, p. 30 http://www.supersystemreview.gov.au/ (accessed 24 September 2012).

[7]        Explanatory Memorandum, p. 84.

[8]        Explanatory Memorandum, p. 84.

[9]        Proposed section 242K of the SIS Act

[10]      Mr David Haynes, Australian Institute of Superannuation Trustees, Proof Committee Hansard, 5 October 2012, p. 29.

[11]      Mr David Haynes, Australian Institute of Superannuation Trustees, Proof Committee Hansard, 5 October 2012, p. 28.

[12]      Australian Institute of Superannuation Trustees, Submission 19, p. 12.

[13]      Industry Super Network, Submission 20, p. 4.

[14]      Industry Super Network, Submission 20, p. 4.

[15]      Industry Super Network, Submission 20, p. 4.

[16]      Review into the governance, efficiency, structure and operation of Australia's superannuation system, Final Report, Part 2, 2010, p. 25 http://www.supersystemreview.gov.au/ (accessed 24 September 2012).

[17]      Financial Services Council, Submission 16, p. 3.

Dissenting Report by Coalition Members of the Committee

[1]        Ms Michelle Levy, Member, Superannuation Committee, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 17.

[2]        Majority Report para 4.47

[3]        Ms Fiona Galbraith, Senior Policy Adviser, Association of Superannuation Funds of Australia Proof Committee Hansard, 5 October 2012, p. 33.

[4]        Majority Report para 4.49

[5]        Mr Richard Klipin, Chief Executive Officer, Association of Financial Advisors, Proof Committee Hansard, 5 October 2012, p. 21.

[6]        Mr Richard Klipin, Proof Committee Hansard, 5 October 2012, p. 21.

[7]        Ms Michelle Levy, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 16.

[8]        Ms Michelle Levy, Law Council of Australia, Proof Committee Hansard, 5 October 2012, p. 16.

[9]        Law Council of Australia, Submission 10, p. 7.

[10]      Law Council of Australia, Submission 10, p. 4.

[11]      Mr Douglas Latto, Corporate Super Speciallist Alliance, Proof Committee Hansard, 5 October 2012, p. 13.

[12]      Industry Super Network, Submission 20, pp 2–3.

[13]      Mr David Haynes, Proof Committee Hansard, 5 October 2012, p. 28.

[14]      Law Council of Australia, Submission 10, p. 9.

[15] Majority Report para 1.9 quoting Dr David Gruen.

[16]      Mr Andrew Bragg, Proof Committee Hansard, 5 October 2012, pp. 4-5.

[17]      Ms Fiona Galbraith, Senior Policy Adviser, Association of Superannuation Funds of Australia Proof Committee Hansard, 5 October 2012, p. 33.

[18]      First State Super, Submission 12, p 2

[19] Financial Services Council, Submission 16, p. 4.

[20] AMP, Submission 18, p. 4.

[21] Submission 10, p. 12.