The great superannuation tax concession rort
Superannuation tax concessions have long been a bone of contention for the welfare sector, which views them as redistributing scarce resources away from low-income earners towards the secure and privileged well-off. This has created a political battleground, with the welfare groups lining up against the super industry represented most notably by ASFA. Reform options are canvassed, for example, in ACOSS 2002 and 2006 and the Brotherhood of St Laurence 2008. Other welfare and consumer bodies have also argued for a fairer and more efficient system. Some of the specific reforms suggested in this paper are very similar to those of ACOSS.