Legislation forcing industry superannuation funds to have more independent directors has cleared the lower house.
The bill ensures super funds have a minimum one-third independent directors on their trustee boards, as well as an independent chair.
The federal government argues it wants the best people governing Australians' retirement savings to generate better outcomes for consumers.
But Labor has dismissed the bill as a farce and an ideological crusade, saying the industry super fund model had been categorically proven in myriad studies to have delivered superior returns to workers for three decades.
The bill now goes to the Senate for debate.
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