What was missing was a long term mutually agreed strategy on the superannuation scheme, so that all parties - employers, employees, governments - could plan ahead.
One exception is in respect of the bankrupt's interest in a regulated superannuation fund, an approved deposit fund or an exempt public sector superannuation scheme.
This approach might have the advantage of simplicity but ignoring the actual investment performance of the superannuation scheme is unfair and likely to lead to over-taxation.