Changes to improve the fairness, sustainability, flexibility and integrity of the superannuation system announced in the May 2016 Federal Budget will soon come into effect. Many of the changes are now law, while other elements have been amended and are before the Senate for final approval.
Changes to superannuation include:
Generally, how these changes affect your super depends on:
Detailed explainers about each of the changes can be found on our Budget Measures page.
Commonwealth Superannuation Corporation (CSC), has been in discussions with Treasury, Finance and Defence about policy and operational issues affected by the changes since the Budget was announced.
We will continue to represent you in discussions as the reform package starts to roll out from 1 July 2017, and will continue to keep you up to date with how these changes affect you.
Be sure to keep your super details up to date on Member Services Online so we can keep in touch.
Full details about the super changes that will affect ADF Super members are on our Budget Measures page.
To find more information about the full Superannuation Reform Package, or to track its progress through parliament, go to the Australian Parliament House website.
If you are concerned how the changes will apply to Defined Benefit schemes, please refer to the websites of those schemes directly.
Have specific questions? we've provided answers to some of the most common budget related questions in our faq section.
Want to know more about the parts of the budget that affect superannuation? we take an in-depth look at what the budget measures are.
Facsheets, Calculators and more.