On 27 September 2019, the Government commissioned an independent review of the retirement income system.
On 22 November 2019, the Government released the Retirement Income Review consultation paper.
The consultation paper outlines some of the issues the Panel will be considering and is intended as a guide to those making a submission. The Retirement Income Review will aim to identify:
- how the retirement income system supports Australians in retirement
- the role of each pillar in supporting Australians through retirement
- distributional impacts across the population and over time and
- the impact of current policy settings on public finances.
The Panel welcomes contributions and invites submissions from the Australian community on the issues and material it should examine as it considers the current state of the retirement income system and how it will perform in the future.
The closing date for submissions is 3 February 2020.
Treasury website, Retirement Income Review, 22 November 2019