Speaking to InvestorDaily, FSC chief executive John Brogden said that as a result of the recent Federal Court case on the topic (which found the current constitution of the FWC expert superannuation panel is 'invalid') the current process is "in limbo".
FWC president Justice Iain Ross issued a statement last week acknowledging the Federal Court ruling, stating that "the expert panel as currently purportedly reconstituted will not deal further with [the] matter".
Justice Ross previously sent a letter to minister for employment Senator Eric Abetz asking the minister to quickly fill the vacancy “in order to resolve any residual uncertainty regarding the constitution of the panel hearing matter AM2014/6”.
Mr Brogden said the FSC is "not aware of the government's intention in regard to appointments".
"Our view is that superannuation should not be an industrial issue. And we’re now looking to legislative change on this matter," said Mr Brogden.
"We want an open, competitive process which allows every APRA-approved MySuper product to compete for default superannuation contributions," he said.
"A genuinely competitive market will lead to more transparency, lower fees and better services for employers and employees," said Mr Brogden.
