Your Future Your Super legislation fatally flawed
The ACTU has urged the Senate crossbench to reject the Federal Government's Superannuation legislation in its entirety stating the Your Future, Your Super Bill remains fatally flawed. If Your Future, Your Super is passed the Government would staple workers to dud funds and to funds which have not been subjected to performance benchmarks from the 1st of July 2021, condemning more than 1 million workers to a poorer retirement. While default products will be benchmarked in July, the scrutiny of largely bank-owned for-profit Choice products is baselessly delayed until 2022.