We are seeking feedback on options to strengthen the annual superannuation performance test.
Background
The performance test was introduced to protect Australians’ retirement savings. It holds super funds accountable for their investment performance and fees.
The review aims to support super fund investment and protect outcomes for members.
This review builds on the March 2024 consultation on design options.
What we are considering
We are consulting on changes to:
- adjust benchmarks for emerging and alternative assets
- assess risk‑adjusted returns
- review the benchmarks on a regular basis
- extend the test to more superannuation products.
Why these changes matter
These changes aim to support super funds invest in their members’ best financial interests.
Any changes would continue to:
- protect strong outcomes for members
- maintain an objective test
- ensure long-term stability of the test.
