Title

Improving the governance of superannuation funds in Australia

Date of this Version

2011

Document Type

Book Chapter

Publication Details

Citation only

Farrar, J. H., & Levy, K. S. (2011). Improving the governance of superannuation funds in Australia. In J. Farrar & S. Watson (Eds.), Contemporary issues in corporate governance (415-439). Christchurch, New Zealand: The Centre for Commercial & Corporate Law Inc.

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2011 HERDC submission. FoR code: 180109

© Copyright University of Canterbury Christchurch New Zealand, 2011

ISBN

0959800182

Abstract

Extract:

Prior to 1945 superannuation was the exception rather than the rule. Individual pensions were uncommon and generally either self funded by the employer as in the case of banks and the public service or were effected through contractual arrangements such as insurance or purchased annuities. A national culture focussed on the availability of the Australian Government pension and a reluctance to embrace the concept of superannuation by many employers and employees. Limitations on trustee investment inhibited the growth of superannuation funds.1

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This document has been peer reviewed.