Treasury is responsible for advising on broad features of retirement income policy, including the objectives, adequacy and overarching framework and design of the superannuation system and proposals for alternative personal savings vehicles.
Additionally, we are responsible for modelling and analysis of the impacts of government policy on household units as well as the public finance consequences of demographic trends and population ageing.
Policies & Initiatives
The Treasury manages a range of programs & initiatives that support the priorities of the Government.
Enacted in 2012, 'MySuper' products will eventually replace existing default superannuation accounts. From 1 January 2014, only funds offering a MySuper product have been eligible to receive contributions from employers on behalf of employees who have not chosen a superannuation fund.
For further information, visit the MySuper page.
Retirement Income Modelling
RIM provides costings for retirement and personal incomes, distributional and hypothetical analysis and projections, modelling work for personal income and tax related issues and is involved in revenue estimate and tax expenditure calculations.
For further information, visit the Retirement Income Modelling page.