Australian Treasury proposes major reforms for superannuation funds after losses

On April 11, 2026, the Australian federal Treasury proposed significant reforms for superannuation funds following the collapse of Shield and First Guardian, which lost over $1.2 billion in savings. The measures include banning cold calls for super product sales and mandating waiting periods before switching funds. These changes aim to enhance accountability and protect consumers from exploitation.

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Summary by Glance · Original reporting by Brisbane Times