Submissions

  • Competition in the Financial System

    Posted: 29 March 2018

    Industry superannuation funds act as custodians of the retirement benefits of millions of Australians. They are run only to benefit members, and therefore place a heavy priority on the long-term financial interests of our members as employees, retirees and citizens within a growing productive economy.

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  • Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018

    Posted: 17 August 2018

    While ISA is broadly supportive of the Design and Distribution Obligations (DDOs) and Product Intervention Powers (PIPs) being redrafted in-line with the original policy intent, we oppose the current drafting

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  • Treasury Amendment Bill (Protecting Your Super Package) 2018

    Posted: Monday 9 July 2018

    The legislation proposes reforms to address balance depletion through fee caps, account consolidation, and the removal of duplicate and inappropriate insurance cover. Broadly, these initiatives are a positive move to tackle unnecessary erosion of low-balance accounts.

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  • Disconnect: The PC's findings do not support its recommendations

    Posted: Friday 13 July 2018

    Many of the findings set out in the Draft Report in respect of the performance of the system and its segments are welcome and consistent with what other researchers have found in previous years: that the “industrial model” of delivering superannuation – workplace default products determined by industrial instrument, managed by not-for-profit trustees, governed by equal representation boards – is d...

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  • Protecting your super package

    Posted: 29 May 2018

    ISA supports the objectives of the Exposure Draft Treasury Laws Amendment (Protecting Superannuation) Bill (the Exposure Draft Bill). System wide measures are needed to reduce multiple accounts and to remove not needed and unnecessary insurance - particularly duplicate insurance policies.

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