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Performance Test Treatment of Faith-based Products - Regulations

  Published: 11 Oct 2022

ISA welcomes the opportunity to comment on the draft regulations supporting the proposed primary legislation on the treatment of faith-based superannuation products under the performance test.

ISA considers that performance tests should be applied consistently to all superannuation products covered by the legislation. There may be significant difficulties in creating appropriate indices for the purpose of the differential test, and proposed regulations do not provide sufficient protections for members of funds with faith-based products that are eligible for the supplementary test.

*The above material, whilst correct at the time of publication may include references or statements which are no longer current.

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