Policy Priorities
ASFA’s policy priorities are focused on shaping a simpler, safer and more stable superannuation system, guided by equity, preservation, universality and informed choice, so Australians can retire with confidence and dignity.
Simpler
Safer
Stable
to operate and navigate
for members
over the long term
ASFA’s Policy Priorities reflect a whole of system approach to the future of superannuation, bringing together policy reform, implementation and sector coordination to support a system that remains effective, resilient and focused on delivering strong retirement outcomes for Australians.
You can read ASFA’s 2026 Policy Priorities here.
Equity
Preservation
Universality
Choice
Ensuring the system works for all Australians and supports fair retirement outcomes
Protecting superannuation as a system designed for retirement
Maintaining broad and consistent participation across the workforce
Supporting informed choice across investment, products and retirement
Super on
Government-paid parental leave
Improving equity in the system by ensuring new parents are paid superannuation on their Government-paid parental leave.
Payday Super
Superannuation paid at the same time as wages, reducing the risk of underpayment or non-payment for millions of workers
Better targeted superannuation concessions
Enhancing system equity by capping concessional benefits for balances over $3 million and supporting improved outcomes for low-income Australians through Low Income Superannuation Tax Offset (LISTO)
Reforms to the non-arm’s length expense rules
Passage of key reforms to the non-arm’s length expense rules, with a full exemption for large APRA regulated funds and exempt public sector funds
A clear objective of superannuation
Enshrining the principles of preservation, income, equity, sustainability, and dignity in law, with superannuation being a fundamental pillar in Australia’s retirement landscape
Financial advice
Clarification from government on the provision of financial advice to people with a superannuation account, with the end goal of ensuring more Australians have access to quality and affordable financial advice
Climate change-related disclosure reporting
Clarification from government to ensure a phased approach on climate change-related disclosure reporting, which acknowledged that superannuation funds, as institutional investors, are reliant on climate reporting made by entities in which they invest
A clear objective of superannuation
Performance Test recommendations
Insurance success
Ensuring that all members of regulated superannuation funds can automatically maintain their insurance following a transfer to a successor fund.
Policy governance & principles
ASFA supports strong public policy and industry best practice through evidence-based policy and advocacy that promotes efficiency, sustainability and trust in Australia’s retirement income system. Guided by clear policy principles and focused on helping Australians achieve the best retirement outcomes, ASFA considers the diverse views of its membership and the impact of policy on equity, simplicity, adequacy, sustainability and member confidence. This work is supported by the Board Policy Committee, policy forums and working groups, with official ASFA policy positions adopted only by the ASFA secretariat and Board Policy Committee.
Leaders in research
ASFA is continuously undertaking research that contributes to policy development and discussion. You can read our most recent research and papers here
