Review of Your Future, Your Super Measures
This submission has been prepared by the Superannuation Law Committee of the Law Council of Australia’s Legal Practice Section (the Committee). The Committee welcomes the opportunity to make a submission to the Treasury in relation to the Your Future, Your Super Review (Review).
Three members of the Committee met with Treasury representatives on 10 October 2022 to discuss the Review. The primary focus of the discussion was the 'best financial interests duty'. Similarly, the Committee's main focus in this submission concerns that duty, and we deal with that topic first. However, we also have some points to make regarding the performance test, and we deal with that topic second.