Submission

Wednesday, 12 April 2017

Draft Regulations Innovative Superannuation Income Streams

AIST welcomes the certainty that these regulations will bring for providers of innovative income streams. These draft regulations would be improved through limitations on unreasonably long deferral periods, better disclosure of pricing methodologies and better strategy with regards to the declining capital access schedule. However the rules around distributing excess cash from group self-annuitisation arrangements works against members of profit-to-member funds.