Restricting trustees from making certain investments not in members' best interests

“This includes that trustees are responsible for determining an appropriate level of diversification for each investment strategy,” the submission said.
“The notion that excluding assets from a trustee’s investment universe will improve outcomes is flawed. Further, that such a decision would be made by Parliament via regulation, to apply to all trustees regardless of their investment strategy or members’ investment choices, is not in members’ interests.
“The legislation also does not provide for any transitional provisions to ensure members’ existing investments aren’t adversely impacted as a result of the implementation of the provisions.”
AustralianSuper noted the potential impacts of this provision were quite broad and examples included:

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