Super SA

In reply to Mr COWDREY (Colton) (20 June 2024). (Estimates Committee B)

The Hon. S.C. MULLIGHAN (Lee—Treasurer, Minister for Defence and Space Industries): I have been advised:

The costs of the changes to unit pricing will be met by the various superannuation scheme's administration reserves.

The scheme administration reserves represent the accumulation of previous years surplus of administration fees collected from members, less the costs of administering the schemes.

Therefore, the costs of these changes do not have a direct impact on individual superannuation accounts.