Government’s Role

Dr Michael Keating ACThe challenge for our retirement incomes system is not change in itself, but the nature of that change, says Dr Michael Keating, AC.

Much of what we have seen over the years has been tinkering, often driven by short-term budgetary imperatives. As a result, many people have grown wary of change.

Dr Keating – a former Cabinet Secretary and Head of the Department of Prime Minister and Cabinet – says what is required is holistic reform set against the key principles of adequacy, fairness, robustness, simplicity, certainty, and sustainability.

In this excerpt from his address to the inaugural leadership forum of the CSRI, Dr Keating talks about the roles of government in retirement income.

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