There are now trillions of dollars tied up in Australia’s superannuation system, so it should come as no surprise that successive governments take an interest. The Your Future, Your Super reforms introduced on 1 July 2021 are the most recent example of this and are unlikely to be the last.
Those changes were designed to hold the system, and the super funds that manage that money, to account. On balance, this is a good thing, as long as the outcomes achieved are the best for members and their retirement savings.
In fact, superannuation in Australia has undergone constant change during its 150-year history, even though it’s only really in the last three decades that it’s become accessible to all working Australians.
This guide is for members
SuperGuide members get full access to our in-depth guides and tools – to help you make more informed super and retirement decisions.
Trusted by 5,000+ members · Independent · Ad-free
Not ready to join? Create a free account to access 100+ starter guides.
Leave a Reply
You must be logged in to post a comment.