Sat, 2nd Aug 2025

In this week's Superannuation News Wrap, we discuss Wilson Asset Management's alternative to proposed superannuation tax changes, potentially generating $2.4 billion additional revenue. The suggested Progressive Super Surcharge emphasizes long-term investments and more equitable tax distribution. We also update on the merger talks between Telstra Super and Aware Super after calling off Equip Super's merger, which could result in cost savings and improved investment opportunities. Meanwhile, superannuation funds are lobbying for performance test regulation changes to accommodate strategic investments in sectors such as infrastructure and private equity. The Association of Superannuation Funds of Australia calls for stricter oversight and reconsideration of tracking error budgets. Lastly, as superannuation tax concessions face review due to sustainability concerns, alternatives are being studied that could include taxing realised gains over $2 million. The Progressive Super Surcharge proposal may offer viable solutions.n