Super legislation updates

Find out about the latest changes and updates to superannuation.
Find out about the latest changes and updates to superannuation.
With a background of rising living costs and economic pressures in Australia and around the world, Federal Treasurer – Dr Jim Chalmers has handed down his first budget.

Acknowledging our financial and economic challenges, this budget focusses on cost of living relief and re-targeting spending.

Following is a summary of the key points for members and business partners.

Key super measures

Other measures

Key business measures

A broad range of measures were announced to support businesses in an environment of rising costs, rising interest rates and economic challenges. These include:

More information

It’s important to note that any new measures announced as part of this Budget will need to be legislated before they come into effect.

For detailed information on the Federal Budget and all announcements, visit budget.gov.au

Sources:

  • Australian Institute of Superannuation Trustees (AIST) 2022 Federal Budget summary
  • Budget October 2022-23
  • ISA Overview - Federal Budget 2022
Personal financial product advice is provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd. Some personal advice may attract a fee, which would be outlined before any work is completed and is subject to your agreement. With your approval, the fee for advice relating to your AustralianSuper account may be deducted from your AustralianSuper account subject to eligibility criteria.
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