[no bill text published] Right to transfer superannuation funds to a spouse (spousal redistribution)
Superannuation Legislation Amendment (Tackling the Gender Super Gap) Bill 2025
Private Member's Bill1st House
2nd House
Law
Introduced by: Jane Hume (LIB)
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
Superannuation fund members can transfer a set amount of their balance to their spouse's fund; this applies if the member has a higher balance than their spouse.
Members cannot make this transfer if the spouse is 65 or older; it is also banned if the spouse's balance already meets the general transfer balance cap.
Applicants must provide their spouse's written consent; they must also use an approved application form.
Transferring fund trustees must request missing information within 3 business days; they must also share the application with the receiving fund within 3 business days.
Receiving fund trustees must provide a statement of the spouse's balance within 3 business days of a request.
Both funds must be able to exchange information and payments electronically.
The transferring trustee must complete the transfer within 30 business days of receiving the application.