This episode of the Superannuation News Wrap focuses on the latest events in Australia's financial and superannuation sectors. Discussion centers on the Your Future Your Super performance test, which has been under scrutiny due to failures in diverse investment products and concerns about potential misclassification and tax implications on divestment. Additionally, the Australian Securities and Investments Commission has initiated legal proceedings against Equity Trustees Superannuation Limited over their Shield Master Fund due diligence. The sector is also concerned about the delay in the enactment of Division 296, and the potential retroactive tax implications it could have. However, there's an indication that modifications by the Australian government to the superannuation performance test might give the sector more balance in compliance and investment adaptability.n