Response to the Productivity Commission Draft Report: How to Assess the Competitiveness and Efficiency of the Superannuation System

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This Financial Policy Brief was submitted to the Productivity Commission’s Inquiry into Superannuation Competitiveness and Efficiency.

The Productivity Commission (PC) released its Draft Report on How to Assess the Competitiveness and Efficiency of the Superannuation System in August 2016. It is a huge report of over some 300 pages and ambitious in its aspiration.

Despite the ambition, it is not always clear that the PC had got the underlying logic right.

This submission highlights key conceptual and practical shortcomings of the Commission’s approach to assessing the superannuation system.


This paper was prepared by Professor Rodney Maddock, Executive Director of the Australian Centre for Financial Studies.

The ACFS Financial Policy Brief series provides independent analysis and commentary on current issues in financial regulation with the objective of promoting constructive dialogue among academics, industry practitioners, policymakers and regulators and contributing to excellence in Australian financial system regulation and policy.

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