01 May 12 Exposure Draft – Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Bill 2012
Treasury has released an exposure draft of Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Bill 2012. It represents the next tranche of legislation implementing the Government's Stronger Super reforms.
The exposure draft contains provisions relating to superannuation fees, intra-fund advice, insurance, collection and disclosure of information, default funds in modern awards and enterprise agreements, moving accrued default balances to MySuper, an exception for defined benefit funds and new requirements for eligible rollover funds.
The closing date for submissions is Wednesday 16 May 2012.