Overview of legislative changes in 2021

Your Future, Your Super

Your Future, Your Super (or YFYS) was developed as part of continued government reforms aiming to help make sure super funds continue to work in their members’ best interests, while also helping people make better informed decisions about their super.
There are four main parts to the YFYS reforms:
 

Stapling

From 1 November 2021, your super account will generally follow you when you change jobs.

Annual performance test

From 1 July 2021, MySuper will be performance tested every year by the Australian Prudential Regulation Authority (APRA).

YourSuper comparison tool

To help you compare super funds, the ATO has created an interactive online comparison tool called YourSuper comparison tool.

Best financial interests’ duty

Superannuation trustees are held to act in the best financial interests of their members

Learn more about Your future, Your Super