Senate dumps Josh Frydenberg’s superannuation changes in further government setback

It was one big thought bubble from the treasurer that just wasted taxpayers' money', says Senator Rex Patrick

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Josh Frydenberg's attempts to cripple the proxy advisers who advise superannuation funds on how to vote on issues including executive pay have been described as a cluster fiasco" after the senate killed off the regulations introduced by the treasurer.

The regulations, which were introduced in December and had been in force for just three days when the senate disallowed them on Thursday.

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