Kincella, You are saying : "you are encouraged to save your money for your retirement...not wait for a govnut handout..." Please check top 500 Australian private companies in first 50 there is 20 superfunds ? IMO ,You are encouraged to hand over money to "expert on everything" ( recently in insulation )which will kindly offer you 2% return on your investment ( if you are lucky ). And if you decide to go SMFS ( like myself ), they will hit you with massive cost , if you dare to outperform market, my bill for 2011 $ 10,000... ( not counted contribution 15 % tax.) PS: Greece perfect example , like comparing Australia with Fiji