My Super is being considered inactive and being transferred. Why?

Super funds are required by law to identify inactive low-balance accounts twice a year, on 30 June and 31 December.

If your account balance was less than $6,000 on one of these dates, your account will be transferred on the respective transfer date (30 April and 31 October) if in the past 16 months you haven’t received any type of contribution into your account, changed your insurance cover, switched your investments, made or amended a binding beneficiary nomination on your account or told us in writing that you don’t want to be transferred. This will occur whether your balance has increased due to investment returns, investment credits and/or refunds