The Federal Government’s Protecting Your Super Package Act comes into effect on 1 July 2019. The package is designed to protect Australians’ super savings from unnecessary erosion by fees and insurance costs.
The Federal Government’s Putting Members' Interests First Act comes into effect on 1 April 2020. This Act is designed to protect members with a balance less than $6,000 and who are under the age of 25 from balance erosion due to having insurance cover they may not need.