Sun, 3rd Aug 2025

This episode of the Weekly Superannuation News Wrap hosted by Paige Estritori covers significant developments in Australia's superannuation sector. Wilson Asset Management proposes a Progressive Super Surcharge and Tax Offset for large super balances, promising revenue of over $2.4 billion from taxes on super balances above $3 million. Telstra Super and Aware Super discuss a merger that could increase efficiencies, cut costs, and broaden investment opportunities, benefiting their 1.3 million members. The Association of Superannuation Funds of Australia calls for amendments in performance test regulations to boost investments in infrastructure, private equity, and housing, and improve member returns. Lastly, the Treasury discusses alternatives to tax concessions to address forecasted revenue losses of $60 billion by the financial year 2024-25.n