Improving Accountability and Member Outcomes in Superannuation

Improving Accountability and Member Outcomes in Superannuation

ISA appreciates the opportunity to provide comment on the Treasury's exposure draft legislation and associated draft explanatory material released by the Minister of Financial Services regarding Improving Accountability and Member Outcomes in Superannuation.

On face value the high level objectives of the bill seem quite reasonable, but regrettably this reform package requires significant amendment to deliver on its potential to improve member outcomes, accountability and transparency.