On 26 November 2025, the Treasury Laws Amendment (Supporting Choice in Superannuation and Other Measures) Bill 2025 (the Bill) was introduced.
The Bill implements two key policies support the transition to Payday Super as announced by the Government on 18 September 2024 by amending:
- the Superannuation Guarantee (Administration) Act 1992 to support employers to streamline the choice of fund process during employee onboarding. Schedule 1 commences on the day after the Act receives Royal Assent. The amendments are intended to provide greater flexibility for when an employer, or their agent, may request details of an employee’s stapled superannuation fund from the Commissioner, so the employer, or their agent, can provide those details to the employee during onboarding to inform the employee’s choice of fund.
- the Corporations Act to ban advertising of certain superannuation products to new employees as part of the onboarding process. Schedule 2 commences on 1 July 2026. The ban is intended to reduce the risk that employees are induced or influenced to choose a superannuation product that is not appropriate to their needs or results in opening of unnecessary multiple superannuation accounts during the onboarding process.