Former Liberal MP Craig Kelly could sink super reforms
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The government’s signature superannuation reform package may struggle to clear the lower house, with renegade former Liberal MP Craig Kelly saying he is unhappy with several aspects of the Your Future, Your Super bill.
Mr Kelly, who quit the Liberal Party in February, told
The Australian Financial Review he thinks “several provisions of the bill are contrary to Liberal party values”, including the directions power giving the Treasurer the ability to ban investments that do not align with the national interest.
The provision, also opposed by Labor, would allow the government “to prohibit certain payments and investments where they are considered to be unsuitable expenditure by trustees in any circumstance.”