Nambawan Super Limited chairman

Superannuation tax needs to be scrapped: NSL

Smare said having super untaxed can benefit the country greatly, that is why a taskforce has been put together to push for the change.

“That’s something we really want to see. Your balances could be significantly higher if you did not have to give that away in tax. 

“And from the Government perspective, it’s good for the super fund to get money that comes in without being taxed because what do we do with the money? We don’t waste it; we invest it in things that build the country.

“There’s a superannuation task force being put together.

More female CEOs needed

To commemorate International Women's Day, Smare said more women CEOs will translate into better performances in companies.

Smare revealed the NSL Board currently has three female directors.

He said the appointment of more women to boards will see further governance and transparency in the performance of organizations.