Jane Hume (Victoria, Liberal Party, Minister for Superannuation, Financial Services and the Digital Economy) Share this | Hansard source

I am very proud to inform the Senate that the Morrison government has already reunited Australians with billions of dollars in lost and unclaimed superannuation. Data released by the ATO for the financial year ending June 2020 shows that the Morrison government's reforms have had an enormous impact on the retirement balances of millions of Australians, reducing unclaimed super by around $7 billion, compared to 30 June 2019. In just seven months, $7 billion in lost and unclaimed super has been reunited into the accounts of hardworking Australians. This is on top of the Morrison government's incredibly effective Protecting Your Super reforms, which allowed for the proactive reuniting of lost and unclaimed super, and also capped fees on low-balance and inactive accounts, making your super work so much harder for you.