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July 1 2019 changes to Personal Insurance in Super !
From 1 July 2019, superannuation fund members with inactive accounts risk losing their insurance cover unless they actively opt-in to retain their cover. Legislation to make this change effective received Royal Assent on 14 March 2019. From 1 July 2019, trustees of a super fund are prohibited from providing insurance where: The member’s account is inactive for a continuous period of 16 months or more, and The member has not elected to obtain or maintain insurance in that fund
