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From 1 July 2019, the Protecting Your Super Package (PYSP) legislation, designed to protect member's super savings from unnecessary fees and insurance premiums takes effect.
For Sunsuper members, under the rules of the fund, this means that we'll cancel insurance cover if an account has not received eligible contributions* for 12 months, regardless of account balance, unless we're advised by the member that they'd like to keep the cover.
To let us know in writing that you wish to keep your insurance cover, simply complete and submit the form below.
By submitting this form, you are making the following declaration to Sunsuper in writing:
*Note, under the ‘Protecting Your Super’ legislation, the maximum period of not receiving an Eligible Contribution before your insurance cover is cancelled is 16 months. To align with our commitment to comply with the Insurance in Superannuation Voluntary Code of Conduct and to further help reduce the impact of insurance premiums eroding your account, we have selected a period of 12 months.