Insurance changes as of 1 July 2019

In February this year, the Government passed legislation which prevents trustees of APRA-regulated funds from providing insurance to members with inactive superannuation accounts, unless a member has directed otherwise.

At 1 July 2019, if an APRA-regulated fund is considered inactive for 16 months the insurance policy held in the fund will be terminated.

At the time of publishing, the contents of this resource were accurate and correct.

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