Published: August 24, 2021
Josh Frydenberg’s last-minute tweak means Australians may not be told their super fund is underperforming
For-profit superannuation funds may be able to escape having to inform members of their historically poor performance after a last-minute change to benchmarks by the treasurer, Josh Frydenberg.
As part of the Morrison government’s Your Future, Your Super package, which passed parliament in June, funds that fail a test based on eight years of performance are required to write to members to tell them.
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