AIST welcomes the exposure draft of Treasury Laws Amendment (Measures for Consultation) Bill 2021: Superannuation information for family law proceedings and congratulate the Government for moving to implement the ATO information sharing measure outlined in the Bill.

The Bill will allow information about superannuation assets to be provided directly to the Family Court by the ATO during property settlement, enhancing visibility of superannuation assets by removing the cost and administration barriers faced by applicants, which cause many to walk away from their entitlement.

AIST has made a joint submission with Women's Legal Service Victoria, Women in Super, Economic Abuse Reference Group, Financial Counselling Australia, and HESTA, supporting the Bill without amendment, emphasising the need for its swift passage through Parliament and urgent implementation.