Wed, 25th Jun 2025

In this weekly Superannuation News Wrap, Paige Estritori discusses multiple issues including urgent advice to high-income Australians to get their super contributions in before the end of the financial year, particularly in light of an increase in the superannuation guarantee rate. Discussion about the role of the Australian Prudential Regulation Authority (APRA) in financial institution board appointments, as well as a controversial proposal to tax unrealized capital gains on superannuation balances above $3 million also took place. In positive developments, the Australian Retirement Trust's analysis shows young Australians could experience an increase in retirement savings due to changes to the Superannuation Guarantee. Lastly, a proposal for reforming unclaimed superannuation for foreign workers from Pacific nations and Timor-Leste is discussed, suggesting more straightforward access and potential payment directly into home countries.n