DSPANZ provided a submission to the Senate Standing Committees on Economics' inquiry into the Treasury Laws Amendment (Supporting Choice in Superannuation and Other Measures) Bill 2025 on 20 February 2026.
In this submission, we broadly supported the intent of the Bill to:
- Limit advertising of super products during employee onboarding to MySuper and default funds; and
- Strengthen the role of stapled super funds in reducing unintended account proliferation.
We then encouraged the Committee to consider the following four key matters:
- Simplified DSP access: If the objective is to reduce account proliferation, stapling should easily integrate with DSP platforms that support employee onboarding.
- Alignment between legislation and service design: Legislative flexibility will not materially change employee onboarding workflows unless technical prerequisites and administrative barriers are addressed.
- Supporting informed employee choice: In the interests of providing a complete picture, DSPs should be able to present all super accounts to an employee for consideration when selecting which super fund receives employer contributions.
- Implementation timing: The proposed commencement date of 1 July 2026 is unachievable and does not leave sufficient time for the software industry to implement the changes proposed in the Bill. Adequate lead time, service readiness and consultation will be essential to ensure stable and effective delivery.