Treasury consultations on retirement phase

Our September 2025 Super Update provides a detailed analysis of the latest regulatory developments impacting the superannuation industry. We explore Treasury’s two consultations on the retirement phase of super and break down ASIC’s recent announcement of its expectations of trustees to address high-risk superannuation switching tactics. Here is what you need to know:

Superannuation updates

Treasury consultations on retirement phase of super

Treasury has recently released two consultations focused on the retirement phase of super – one outlining best practice principles for retirement income solutions, and the other proposing a new retirement reporting framework. In this update, we explore the key details and implications of both consultations.

ASIC’s expectations of trustees to address misconduct

ASIC has outlined a range of activities it will undertake to address high-pressure sales tactics aimed at persuading members to switch their super into complex and risky managed investment schemes through platform products. We analyse a recent speech from the regulator to provide you with an understanding of these expectations.

Super news in brief

Our news in brief section includes:

• ASIC’s consultation on updates to RG 168 on PDS disclosure
• APRA’s observations on trustee expenditure
• Treasury’s consultation on sustainable investment product labels
• ASIC’s consultation on an extension to its digital disclosure relief
• Guidance on successor fund transfers from the Gateway Network Governance Body
• Final financial sector levies for 2025-26 and the latest statistical publications

Legislative update

As always, we provide a legislative update along with a guide to the key superannuation changes and their effective dates.

For a deeper understanding and to stay informed, download the comprehensive update prepared by our specialists – designed to help you support your members in navigating their retirement journey with confidence.