Treasury has released exposure draft regulations that would amend operating standards in the Superannuation Industry (Supervision) Regulations 1994 and the Retirement Savings Accounts Regulations 1997 to allow superannuation trustees and Retirement Savings Account providers to recognise Commonwealth, State and Territory forfeiture orders for the proceeds of crime and would allow the confiscation of superannuation funded directly with the proceeds of crime.

The proposed Superannuation Industry (Supervision) Amendment Regulations 2011 would also insert a note that explains that information regarding investment strategies for exempt public sector superannuation schemes (EPSSS) which allow beneficiaries to give directions to trustees regarding investment strategies is usually provided to members in a Product Disclosure Statement (PDS) but that following the introduction of the short PDS requirements into the Corporations Regulations 2001 this information may be incorporated in a PDS by reference.