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Senator proposes regulation to shut down superannuation lobby groups to save fees We’re sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement Superannuation industry lobby groups could be shut down under new legislation aiming to reduce retirement account fees and improve returns, with Liberal senator Andrew Bragg suggesting regulations could be introduced forcing representative bodies to merge. The federal government’s Your Future Your Super changes could be used to force consolidation among industry superannuation lobby groups in a bid to cut down on the expenses of the nation’s industry super funds. One feature of the legislation could give the Treasurer the power to block funds from making spending and investment decisions the government does not like.

Andrew braggFinancial services councilBusiness council of australiaAustralian institute of superannuation trusteesAssociation of superannuation funds australiaFuture your superSenator braggBusiness councilAustralian instituteSuperannuation trusteesIndustry super australiaSuperannuation fundsஆண்ட்ரூ தற்பெருமைநிதி சேவைகள் சபைவணிக சபை ஆஃப் ஆஸ்திரேலியாஆஸ்திரேலிய நிறுவனம் ஆஃப் சுப்பெறன்ணுஅதிோன் அறங்காவலர்கள்