Some of the major changes which come into effect on 1 July 2019 include:

The removal of insurance cover held within ‘inactive’ super accounts

This means that if your super account has been inactive for the continuous 16 month period immediately prior to 1 July 2019, you will have your insurance cover cancelled unless you specifically request to keep it prior to 1 July 2019.

Changes to ‘low balance’ accounts

Accounts which have been inactive for 16 months with balances of less than $6,000, and no insurance cover, may be transferred to the Australian Taxation Office (ATO).

The ATO is now also responsible, where possible, for consolidating this money with the individual’s other active super account or to their Estate if they have passed away.

What do I need to do?

To find out whether you may be affected by these changes, please contact us for a complimentary appointment to review your circumstances by calling Carl Wade at DC Advice on (07) 4616 9000 or email