Stephen Jones 2022

The Hon Stephen Jones MP
Assistant Treasurer and Minister for Financial Services

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The Hon Stephen Jones MP
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Assistant Treasurer and Minister for Financial Services

Superannuation fund mergers and defined benefit income streams

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The Albanese Government is taking further steps to improve the efficiency of the superannuation system.

The Government is progressing legislative amendments to the transfer balance cap for individuals with a capped defined benefit income stream to ensure members are not adversely impacted in the event of a merger or successor fund transfer between superannuation funds.