The Australian government’s proposed changes to the superannuation fund performance test have faced criticism after the opposition said the Bill should not be supported following the inclusion of some controversial proposed reforms. Treasurer Josh Frydenberg and Superannuation Minister Jane Hume released the consultation draft regulations for the new Your Future, Your Super (YFYS) reform package on April 28 as a response to the concerns voiced by the superannuation industry to 2 major changes to the fund performance test. In the Senate Standing Committee’s on Economics report into the  YSYF reform released on April 29, Labor noted that the proposed Bill would damage retirement outcomes of Australians and subject our superannuation system to risk. “This bill as written will not deliver better outcomes for Australian superannuation members,” the Labor report said. “The evidence provided to this inquiry makes it clear that the government’s proposed approach to superannuation would damage retirement outcomes for ordinary …