Restoring a Level Playing Field for Defined Benefits Superannuation

8 Pages Posted: 29 May 2014

Date Written: March 1, 2014


After declining worldwide since the late 1080s, defined benefits plans will not recover their previous dominance in Australia because they can only be offered by large and stable organisations. Since 1992, Australia has had compulsory superannuation that is mostly privately managed in addition, several policy measures have unduly weakened defined benefits schemes, especially in the private sector. Rescinding these measures would revitalise defined benefits, and produce a deeper market for privately managed lifetime annuities. An earlier version of this paper was presented to the 2013 Australian Centre for Financial Studies' Melbourne Money and Finance Conference.

Suggested Citation

Bateman, Hazel and Kingston, Geoffrey, Restoring a Level Playing Field for Defined Benefits Superannuation (March 1, 2014). CIFR Paper No. 004/2014, Available at SSRN: or

Hazel Bateman (Contact Author)

UNSW Sydney, CEPAR ( email )

High Street
Sydney, NSW 2052

Geoffrey Kingston

Macquarie University ( email )

North Ryde
Sydney, New South Wales 2109

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