In the wake of the government's raft of proposed superannuation changes announced on Friday, the Financial Services Council (FSC) has formally shelved its plans to run an anti-government television campaign.
Addressing a media conference on Friday, FSC chief executive John Brogden warned the current government and future governments that the industry would not hesitate to dust off the campaign if it deemed it necessary.
"We want to make it clear to this government and future governments that if there are sovereign threats to the savings of Australians in the future, we will consider again running a campaign to ensure that the 10 million Australians who have superannuation will have their superannuation protected and walk in the surety that they need," Mr Brogden said.
"We've been calling on [the government] for weeks to end the speculation and outline the changes, including indicating that if we didn't get some information and an end to the uncertainty that we'd run a campaign against the government."
Brogden first hinted at a campaign aimed at protecting the country's super from government tax grabs at a press conference in February, in partnership with the recently-formed SMSF Owners' Alliance.
