Sun, 12th May 2024

In this episode of the Weekly Superannuation News Wrap, host Paige Estritori discusses key events in Australia's superannuation sector. Australia's top judges express strong opposition to the Federal Treasury's proposed $3 million super tax cap, arguing it could undermine judicial independence and public trust. The pension sector awaits government guidance on reforms to family law superannuation rules, centered on super division during divorces, with the potential effective date suggested for April 2025. In other news, the big superannuation players - including Australian Retirement Trust, Aware Super, HESTA, and UniSuper - are divesting from thermal coal investments as part of a broader shift toward sustainability. Stay informed on superannuation services at financialservicesonline.com.au.