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ASFA recognises Senator Sherry’s contribution to superannuation

Media Release 11 May 2012

11 May 2012

ASFA recognises Senator Sherry’s contribution to superannuation

The peak body for the superannuation industry today paid tribute to the long-standing contribution of Senator the Hon Nick Sherry who announced that he would be resigning from his position as Senator for Tasmania yesterday afternoon.

The Association of Superannuation Funds of Australia (ASFA) said Senator Sherry is a significant figure in superannuation, both in Australia and overseas.

“Over his distinguished career Senator Sherry has focused more than any other parliamentarian on superannuation and retirement policy,” said ASFA chief executive Pauline Vamos.

Early in his career Senator Sherry was appointed to the Senate Select Committee on Superannuation which had been established to support the establishment of the Superannuation Guarantee and supporting legislation. As Chair of the Committee from August 1991 to June 1993 Senator Sherry played a critical role in steering the development of the superannuation system.

“Throughout his career Senator Sherry has continued to demonstrate his commitment to the development of the superannuation system, always focused on ensuring that the system serves its core purpose of providing Australians with dignity in retirement.

“Senator Sherry was always available and engaged. He understands long-term retirement policy and was willing to debate it and drive it.

“As Assistant Treasurer Senator Sherry established the Cooper Review, which has led to fundamental changes to the regulation and efficiency of the superannuation system.

“We know that Senator Sherry will continue to support the development of superannuation and retirement policy in his future career. We wish him well. He will always find a friend with ASFA.”

For media inquiries, please contact:

Pauline Vamos, CEO, 0433 169 342

Rebecca Glenn, GM Marketing and Communications, 0416 170 439

Megan McDougall, Media and Communications Coordinator, (02) 8079 0849

About ASFA – the voice of super

The Association of Superannuation Funds of Australia is the peak industry body for superannuation and retirement policy and research. Its members represent over 90 per cent of the approximately 12 million Australians with superannuation. ASFA members manage or advise on the bulk of the $1.3 trillion in superannuation assets as at September 2011. ASFA is the only organisation that represents all types of superannuation funds (retail, industry, corporate and public sector) and associated service providers.

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