The Federal Government is understood to intend re-advertising for the position of chair of the Superannuation Complaints Tribunal (SCT), with the existing chair, Jocelyn Furlan, expected to continue in the role until March, next year.
Furlan has been acting in the role since her appointment expired earlier this year.
The Government has effectively extended her acting appointment a further six months while it recruits for the role.
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.