AIST generally supports the package, but changes are needed to better meet members’ best interests. The fee cap calculation needs review and sell spreads need to be included in the calculation of exit fees in order to prevent gaming. The Insurance in Superannuation Voluntary Code of Practice should be the focus for improving member outcomes rather than the proposed legislation. Inactive accounts should be directly transferred to active accounts. A greater lead time is needed, given both process change and ATO processes already in train. AIST would appreciate further consultations to help better meet the proposals’ objectives.