We strongly support the objective of preventing unnecessary and high insurance premiums from eroding superannuation account balances, particularly for young members.
This submission focuses on the interests of people who are on low incomes or have low superannuation balances. Our key consideration in assessing these reforms is ensuring that people who are financially vulnerable continue to be assisted by insurance in their superannuation, which can have a life-changing effect for families struck by injury, illness or death, while not having their superannuation balance eroded by insurance premiums.
