Coronavirus (COVID-19) updates from the Australian Government

Review of occupational exclusions in default insurance offered through MySuper products

17 days left to have your say
Consultation Type
Consultation Paper

Key Documents

On 16 June 2021, the Government committed that Treasury would undertake a review into determining the appropriateness of occupational exclusions in default insurance in MySuper products. Occupational exclusions mean that default insurance cover is not available (or only partial cover is available) for certain occupations that an insurer has classified as higher risk. Occupational exclusions in default insurance policies affect the automatic acceptance of default cover for some new MySuper members and may also have significant consequences where a member changes occupation.

The review will focus on default cover in respect of life and total and permanent disability insurance which trustees are required to provide to their MySuper members. Insurance in excess of default cover, such as optional units, and income protection, will not form part of the review.

The objective of the consultation is to canvass views from interested parties on the extent of the problem arising from occupational exclusions for new members and for members changing jobs and what options, if any, may be required for changes to the current regulatory framework.


You can submit responses to this consultation up until 14 October 2021. Interested parties are invited to comment on this consultation.

While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.

Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

View our submission guidelines for further information.

How To Respond



Address written submissions to:

Superannuation, Insurance and Governance Unit
Retirement, Advice and Investment Division
The Treasury
Langton Crescent
Parkes ACT 2600