Coronavirus (COVID-19) updates from the Australian Government

Retirement Income Review


The Treasurer announced a review into the retirement income system on 27 September 2019.

This review was recommended by the Productivity Commission in its report Superannuation: Assessing Efficiency and Competitiveness and comes 27 years after the establishment of compulsory superannuation.

The review will cover the current state of the system and how it will perform in the future as Australians live longer and the population ages.

The review will consider the incentives for people to self-fund their retirement, the fiscal sustainability of the system, the role of the three pillars of the retirement income system, and the level of support provided to different cohorts across time.

The review will be undertaken by an independent panel, chaired by Mr Mike Callaghan AM PSM, with Ms Carolyn Kay and Dr Deborah Ralston as panel members. A public consultation paper will be released in November 2019 and the Panel will provide its final report to the Government by June 2020.


Questions regarding the Retirement Income Review can be emailed to

Media enquiries can be directed to or +61 2 6263 2300.