Thursday, 7 March 2019

AIST response to the Protecting Your Superannuation Package Regulations 2019

AIST has raised concerns with Treasury about the challenges involved in smoothly implementing some of the key measures. The regulations contain detail about the communications to be sent to inactive members with insurance, calculation of the fee cap, and arrangements for the transfer of accounts to and from the ATO. The speed with which it proceeded through Parliament has meant there are areas where greater clarity and consistency are desirable.