Forcing the deferral of the government’s vital superannuation industry reforms by terrorising cross-bench Senators with electoral political threats only serves to put off the day when trade union heavyweights lose the multi-millions of dollars a year they have been sucking out of working Australians’ superannuation savings. Whatever happens to the legislation, we don’t have to wait the year or so before the Hayne Royal Commission into banking and superannuation exposes the extent of the superfund rorts that need fixing; APRA is about to hit superfunds with demands for reform without waiting for the extra powers of compulsion in the stalled...