Media Release

Certainty and stability important for superannuation: ASFA

Published 19 July, 2016

Published 19 July, 2016

ASFA Statement 19 July 2016

Certainty and stability important for superannuation: ASFA

The Association of Superannuation Funds of Australia (ASFA) has today welcomed the re-appointment of Kelly O’Dwyer as Minister for Revenue and Financial Services and looks forward to working with the Turnbull Government to bring about the best possible outcomes for superannuation fund members.

ASFA says Minister O’Dwyer’s continuity in her role with responsibility for superannuation will be an important factor in ensuring that the proposed changes to superannuation are both workable and settled as soon as possible. This in turn will deliver much needed certainty and stability, because ongoing speculation affects the community’s confidence in the system.

There are many challenges ahead in the field of superannuation policy. ASFA has broadly supported the changes to superannuation announced in the Budget, particularly those that assist low income earners and which allow those with low account balances to more easily catch up on their superannuation savings. It looks forward to consulting with the government on the specific details and implementation of the various measures. It’s important that the details are right, so as to avoid unintended consequences of any changes and to ensure that they are workable and cost effective.

Acknowledgement of Country

We want to respectfully acknowledge the Traditional Owners and Custodians of these lands, seas, and waters throughout Australia. We pay our respects to Elders both past and present. We acknowledge the history, the resilience and the continual contributions of Aboriginal and Torres Strait Islander peoples of their Country.

ABN 29 002 786 290

Daniel Mulino MP

Assistant Treasurer and Minister for Financial Services

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Born in Brindisi, Italy, Daniel was a young child when he moved with his family to Australia. He grew up in Canberra and completed his first degrees – arts and law – at the ANU. He then completed a Master of Economics (University of Sydney) and a PhD in economics from Yale.

He lectured at Monash University, was an economic adviser in the Gillard government and was a Victorian MP from 2014 to 2018. As Parliamentary Secretary to the Treasurer of Victoria, Daniel helped deliver major infrastructure projects and developed innovative financing structures for community projects.

In 2018 he was preselected for the new federal seat of Fraser and became its first MP at the 2019 election, re-elected in 2022 and 2025. From 2022 to 2025, Daniel was chair of the House of Representatives’ Standing Economics Committee in which he chaired inquiries; economic dynamism, competition and business formation and insurers’ responses to 2022 major floods claims.

In 2025, he became the Assistant Treasurer and Minister for Financial Services.

In August 2022, Daniel published ‘Safety Net: The Future of Welfare in Australia’, which aims to explore the ways in which an insurance approach can improve the effectiveness of government service delivery.