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Your Future, Your Super regulations 'highly problematic'


Your Future, Your Super regulations ‘highly problematic’
By
Neil Griffiths
26 May 2021
The Australian Institute of Superannuation Trustees (AIST) has criticised draft regulations of the government’s Your Future, Your Super legislation as its passage through Parliament hangs in the balance, saying that the package will “cause more harm than good”.
In a submission to Treasury, the AIST said the legislation – which is currently before the House of Representatives – is too reliant on regulations and that the regulations themselves ignore issues impacting retirement outcomes of Australians.
“This leaves significant areas of uncertainty that make member outcomes unclear and implementation highly problematic,” AIST chief executive Eva Scheerlinck said. ....

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