From financialnewswire.com.au: Treasury Secretary Dr. Steven Kennedy stated that the Federal Treasury does not intend to restrict retirees’ choices regarding superannuation drawdowns, responding to discussions about proposed mandatory rates for those with over $200,000 in their accounts.

He emphasized the importance of providing retirees with flexible options to manage their super, highlighting that they should be able to use their funds as they see fit, including retiring debt.

Kennedy cautioned against the potential removal of choices, advocating instead for increased options for retirees in accessing their funds.