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Chief economist update: Victoria's victory against the virus voidedBY BENJAMIN ONG | FRIDAY, 28 MAY 2021 11:50AM
But Australia is now in a better place compared with the lockdowns of days past.
Read more: Budget, Feb, JobKeeper, Australian Bureau of Statistics, Australian Financial Review, Australians, Australia Victoria, % Estimate, Factset, Irene, Lest, May Board, Reserve Bank of Australia, Victorians, Westpac-Melbourne Institute
Read our full COVID-19 news coverage and analysis here.
In a year the average fund posted over 18% in returns, CommBank's Essential Super was the top one-year performer.
Superannuation funds can expect their results in the first performance test by August 31 under the new Your Future, Your Super reforms, according to an APRA letter sent Friday.
The Federal Court found that RI Advice Group's failure to provide rigorous oversight over a former financial adviser resulted in bad advice to consumer detriment.
Member of Parliament Tim Wilson will lead the charge to determine if big super's domination over the Australian sharemarket is stifling competition.
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