Protecting Your Super is new legislation that came into effect on 1 July 2019. Introduced by the Government, it’s designed to ensure your hard-earned savings for retirement are protected from unnecessary erosion by fees and insurance costs.
From 1 July 2019 we’re unable to continue to provide insurance cover through your super when your account has been inactive (regardless of your account balance) unless you let us know you’d like to continue to receive insurance cover.
An account is considered inactive if money hasn’t been paid into your account for a continuous period of 16 months. For further information about the changes, review the below tiles.