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Submissions

Performance Test Treatment of Faith-based Products - Regulations

  Published: 12 Oct 2022

We welcome 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.

As set out in our submission to Treasury in respect of the draft legislation, ISA strongly supports the policy intention of the performance test, which aims to increase transparency and protect members from underperforming products, by holding trustees accountable for the investment performance they deliver to members and encouraging trustees to reduce fees.

*The above material, whilst correct at the time of publication may include references or statements which are no longer current.

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