Opinion
The tough “best financial interests” test passed in the Your Super reforms must now be enforced by APRA to end industry superannuation funds wasting members’ money on political-style spending.
Super will be completely refashioned, as the most significant structural reform in 30 years has finally passed the Parliament.
Lower fees, better performance and less waste will be the dividend of the “Your Future Your Super” reforms, announced in last year’s federal budget by Treasurer Josh Frydenberg.
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Original URL: https://www.afr.com/policy/tax-and-super/big-super-s-propaganda-payments-must-stop-20210621-p582sf
