In this week's Weekly Superannuation News Wrap, the topics of discussion revolve around Australia's superannuation landscape. Changes in the Your Future Your Super (YFYS) performance test drew attention to the fairness of the benchmarks used, and concerns were raised over the one-size-fits-all approach taken. The Australian Securities and Investments Commission (ASIC) initiated civil penalty actions against Equity Trustees Superannuation Limited for negligence concerning the Shield Master Fund. There is increased demand for transparency and oversight in superannuation investments. Finally, the delay in Australia's Division 296 legislation is testing the patience of the finance and industry sectors, as there are concerns about potential retroactive tax application and the need for wider tax reform.n