Exclusive: Treasurer Jim Chalmers has described the COVID-era super withdrawal policy as a debacle that should never be repeated as analysis shows the scheme left huge holes in the retirement incomes of 2.6 million Australians
Chalmers said the research by academics Steven Hamilton, Geoffrey Liu and Tristram Sainsbury highlighted the dangers of using super for anything outside retirement income.
, including the various programs put in place to deal with the pandemic’s economic fallout. But he has yet to set a timeline. NSW teal independent Allegra Spender, whose seat of Wentworth covered an area that barely used the super withdrawal policy, said the government should hold a royal commission into the pandemic response.
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