7 September 2022

Consultation open on Your Future, Your Super

The Albanese Government will always look for ways to strengthen Australia’s world-class superannuation system.

Today we begin that process with the release of a consultation paper on the Your Future, Your Super laws, in keeping with our commitment at the recent election to review the measures.

The consultation paper seeks feedback on any unintended consequences and implementation issues arising from the Your Future, Your Super laws which were introduced in 2021.

This follows the outcomes of the second annual performance test for MySuper products which revealed that 96 per cent of MySuper members are in a well-performing fund.

The Government encourages interested stakeholders to engage with the consultation process. Submissions can be made online at the Treasury website.

In conducting this review of the Your Future, Your Super laws, Treasury will hold stakeholder meetings to seek feedback. Treasury will also convene a technical working group on the performance test. The technical working group will be a consultation forum to constructively work through key issues and consider potential solutions.

Online submissions will close on 14 October 2022.