The Albanese government has form in treating Australians’ superannuation as a policy tool for itself.
In 2023, Treasurer Jim Chalmers talked about superannuation funds investing in “big national priorities“. More recently, Chalmers flagged the importance of making sure that superannuation funds could invest in housing and energy — two Labor priorities. Chalmers also tried to direct the government’s own superannuation fund, the Future Fund, to target Labor’s priorities in housing, manufacturing and energy.
Superannuation funds aren’t a tool of government policy, not even the Future Fund.