From 1 July, there are some changes happening to superannuation laws. These are:
- A cap on fees if there is less than $6000 in a super account
- If there have been no payments into your super account for 16 months, the super mob can take away any insurance on that account
- Accounts where there have been no payments or contact with the member and that have low balances will be sent to the Australian Tax Office
You can find out more information at the Treasury Website