On 30 June 2026, the Australian Prudential Regulation Authority (APRA) published the findings of its inaugural System Risk Stress Test (SRST), which focused on links between the banking and superannuation system. The SRST took place last year and covered four major banks and six large superannuation funds and examined how a
On 4 February 2026, the Australian Securities and Investments Commission (ASIC) published a media release noting that it is urging superannuation trustees to strengthen their anti-scam and fraud practices following a review that exposed significant gaps in member communications.
ASIC’s findings
ASIC assessed scams and fraud-related website content across 47 superannuation funds and
On 28 January 2026, the Australian Securities and Investments Commission (ASIC) announced that it is inviting feedback on a proposal to extend existing relief for superannuation trustees from certain application form and cooling-off period requirements during intra-fund transfers.
Current relief and sunsetting
ASIC Corporations (Superannuation: Accrued Default Amount and Intra-Fund Transfers) Instrument 2016/64
On 19 December 2025, the Albanese Government published, as part of its Better Targeted Super Concessions policy, the Treasury Laws Amendment (Better Targeted Superannuation Concessions) Bill 2025 and the Superannuation (Better Targeted Superannuation Concessions) Imposition Bill 2025. Together these Bills reduce the tax concessions for people with total super balances over $3 million by imposing
On 28 November 2025, the Australian Securities and Investments Commission (ASIC) initiated consultations on proposed changes to stamp duty and portfolio holdings disclosure requirements.
Background
The proposals are a result of ASIC’s targeted review of superannuation investment disclosure requirements announced in August 2025. As part of this review, ASIC established a Working Group
On 26 November 2025, the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) jointly released the 2025 Retirement Income Covenant (RIC) Pulse Check report (Report), which assesses the progress trustees have made in developing retirement income strategies for Australians approaching or in
Australian Prudential Regulation Authority (APRA) has published the remarks made by its Deputy Chair, Margaret Cole at the FSC Innovation in Retirement conference held on 16 October 2025.
In her remarks Margaret Cole noted that Australia is an aging population. Assets in retirement products are predicted to grow from $575 billion to around
On 14 October 2025, the Australian Securities and Investments Commission (ASIC) published Report 818 From superficial to super engaged: Better practices for trustee retirement communications (REP 818).
Background
REP 818 follows a review which examined how various trustees have been progressing with their implementation of the retirement income covenant, with a
On 13 October 2025, Treasury announced a boost to the Low Income Superannuation Tax Offset (LISTO). It also announced amendments to the Better Targeted Superannuation Concessions (BTSC) measure (also referred to as the $3m super tax Bill). The measure was first announced on 28 February 2023.
From 1 July 2027, the