Readers of my past editorials will know one of my greatest frustrations with the current superannuation system is the lack of discipline of our elected officials to leave the pool of money from the compulsory savings scheme alone.

So much change to so many superannuation areas was contained in the federal budget it was hard to digest and keep up with on the night.

The 2016 federal budget has now been delivered and one of the big talking points to emerge from it is the changes to superannuation.

Of the many topics discussed about superannuation there is one issue that is more relevant than any other – adequacy. Despite all of the talk about different elements of the super system, the number one objective is to have a good proportion of the Australian public save enough to completely fund their own retirement.

With the 2016 budget looming and plenty of speculation over what changes might be included regarding superannuation, one item that has received a lot of discussion in the past few weeks is the importance of enshrining the purpose of superannuation in law.

If you’ve been keeping up with the current tax reform debate, you’ll know there has been a lot of flip-flopping over what is on the table and what isn’t, but as to be expected, the good old chestnut of superannuation seems well and truly in the firing line.

Of the many topics on superannuation, one issue is more relevant than any other – adequacy. Despite all the talk about different elements of the super system, the prime objective is for a good proportion of the Australian community to save enough to completely fund their own retirement.

The swearing in of the new Turnbull government gave the Australian public its third assistant treasurer in just over two years. The Member for Higgins, Kelly O’Dwyer, was sworn in as Assistant Treasurer and Minster for Small Business in the new-look cabinet, giving her the responsibility of overseeing superannuation and financial services federally.

The uncertainty over what will happen to the regulations allowing gearing to be used to acquire assets within an SMSF has been hanging over the sector like a dark cloud ever since the David Murray’s Financial System Inquiry (FSI) recommended the practice be banned.