Pitcher Partners Calls For Clarity And Transparency Around Superannuation Following Treasury Expenditure Statement

By Charlie Viola - February 3, 2016

Pitcher Partners expressed disappointment today at the continued use of superannuation as a political football in response to the release of Treasury’s Tax Expenditure Statement 2015.

“It’s disconcerting to see politicians playing politics with super in an election year,” Pitcher Partners Sydney partner Charlie Viola said.

Mr Viola said that certainty and clarity were needed to prevent a loss of confidence in the benefits of the superannuation system.

“Australians need certainty about superannuation, and the continued rumours around raising the tax rate on superannuation contributions for higher income earners erode confidence in the system. The fact of the matter is that superannuation provides the most effective tax structure for people who don’t need to draw on their assets immediately, and that’s a structure we want to protect to encourage savings behaviour and reduce reliance on the Age Pension,” he said.

Super tax concessions cost 30% less

Mr Viola also noted Treasury estimates that suggest superannuation tax concessions cost 30 per cent less than originally thought, and warned that cutting tax concessions could encourage adverse revenue effects.

“These proposals are social policy as much as they are a revenue policy.

“Cutting tax concessions for super will not make much difference to the Budget bottom line if you see people starting to shift their savings behaviour away from superannuation. The government will lose that source of revenue. The government also needs to be aware of the revenue effects if reliance on the Age Pension is increased.”

He said Pitcher Partners are also calling for greater transparency around the government’s entire tax package.

“Australian businesses and taxpayers shouldn’t have to wait until the election to know the government’s proposed taxation reforms. What the government can’t afford to do is delay the tax white paper any further – individuals and businesses need certainty about the government’s taxation agenda,” Mr Viola said.

For more information please contact:

Charlie Viola, Partner, Pitcher Partners Sydney, 02 8236 7798 or 0414 809 635
Sabine Wolff, Media and Communications Advisor, Pitcher Partners, 0419 529 577
Karin Krueger, KDK Media (02) 9979 3718 or 0419 991 267

Other articles


Top of Page

 Back to News


Rob Southwell

Rob Southwell's picture


Managing Partner and Partner – Private Clients Group

> View profile

John Brazzale

John Brazzale's picture


Partner and National Chairman

> View profile

Bryan Hughes

Bryan Hughes's picture



> View profile

Michael Minter

Michael Minter's picture


Managing Partner

> View profile

Tom Verco

Tom Verco's picture


Managing Principal - Private Clients

> View profile

Ross Walker

Ross Walker's picture


> View profile

Partnership fraud


Paperwork and independent advice saves partnerships from fraud

Discover more

Kia Ora Horse Stud


Pitcher Partners fills a Financial Manager gap to keep the business on track

Discover more

Fuel Injection Company Administration


A fuel injection company began life as an Australian public company before being acquired by a UK publicly listed company while in the research and development stage of a “green...

Discover more

@PitcherPartner POKER FACE | Our Sydney firm hit the jackpot at our most recent social club event. The Casino Royale themed night w… https://t.co/xrK9ynG7Aq