On this week's episode of Weekly Superannuation News Wrap, we discuss Treasurer Jim Chalmers' proposed superannuation tax legislation reforms, expected to channel fairness, sustainability, and save $2 billion by 2026 without a tax increase. The government aims to close system gaps, benefitting women and low-income groups through further deliberations including Prime Minister Anthony Albanese. In the wake of the collapse of Shield and First Guardian funds costing $1.2 billion, there's a call for regulatory action, policy reviews, and compensatory measures. Minister Daniel Mulino and ASIC join hands to protect the consumers while Treasury reviews the Compensation Scheme of Last Resort. Further, FD Legal urges legislative changes permitting complaints against harmful investment enabling trustees, expected to ease the burden on the compensation scheme. Covering all the intricate developments in the superannuation sector, visit us at financialservicesonline.com.au for more details.