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Australian Government - Stronger Super website

Exposure Draft – Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Bill 2012

This exposure draft represents the next tranche of legislation implementing the Government's Stronger Super reforms. The exposure draft contains provisions relating to superannuation fees, intra-fund advice, insurance, collection and disclosure of information, default funds in modern awards and enterprise agreements, moving accrued default balances to MySuper, an exception for defined benefit funds and new requirements for eligible rollover funds.

The remaining Stronger Super MySuper and Governance changes will be released in the fourth tranche of legislation in coming months.

Consultation Documents

Exposure Draft 361KB 116KB
Explanatory Memorandum 359KB 372KB


Submissions for this consultation closed on Wednesday, 16 May 2012.

Thirty three submissions were received in response to this consultation. Twenty five of these are public submissions and eight are confidential. The public submissions are listed below.

Actuaries Institute 274KB n/a
Association of Superannuation Funds of Australia (ASFA) 111KB n/a
Association of Financial Advisers (AFA) 101KB n/a
Australian Chamber of Commerce and Industry (ACCI) 1.7MB n/a
Australian Council of Super Investors (ACSI) 337KB n/a
Australian Institute of Company Directors 2.0MB n/a
Australian Institute of Superannuation Trustees (AIST) 706KB n/a
BT Financial Group (BTFG) 159KB n/a
Chartered Secretaries Australia 118KB n/a
Corporate Super Specialist Alliance (CSSA) 66KB n/a
Corporate Super Association 1.8MB n/a
CPA Australia 177KB n/a
Financial Services Council (FSC) 415KB n/a
First State Super 968KB n/a
Henry Davis York 1.8MB n/a
Industry Super Network 310KB n/a
Law Council of Australia 193KB n/a
Master Electricians Australia 1.2MB n/a
Office of the Australian Information Commissioner 525KB n/a
Professional Financial Solutions 154KB n/a
Self Managed Superannuation Funds Professionals' Association of Australia (SPAA) 324KB n/a
Towers Watson (a) 502KB n/a
Towers Watson (b) 48KB n/a
UniSuper 494KB n/a
VicSuper 922KB n/a

The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government or The Treasury.