announcements

Putting Members’ Interests First

28 Oct 2019 1 min read

The Putting Members’ Interests First bill passed both Houses on 19 September 2019, legislating further changes to the provision of insurance within superannuation.

In summary, from 1 April 2020, new members will not receive automatic default cover if they:

  • are under age 25 and/or
  • have an account balance under $6,000

at the time of opening their account.

We will provide further updates, including details about how new members can opt in for insurance, before 1 April 2020.

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