The Royal Commission into Trade Union Governance and Corruption has sought industry comments to assess laws that currently disallow employees superannuation fund choice.
Options for Law Reform, the discussion paper, says they have so far received submissions from the Transport Workers’ Union (TWU), and have opened up the floor to anyone opposing freedom of choice when it comes to super fund. The Commission has so far said that based on the Murray Report findings, there is no good reason why the choice should be denied.
This argument applies to unions that are associated with, and often financially linked to, particular industry superannuation funds, which has benefits, but also leaves employees without fund choice and can lead to coercive behaviour.
The Commission is in discussions regarding enterprise bargaining, debating all the various inputs from any interested person or organisation. Submissions close for submissions on Friday 21 August.