While the industry awaits developments from the banking, superannuation and financial services Royal Commission and the Productivity Commission’s report on the superannuation industry, a new suite of consultations, bills and rule changes is also demanding attention. Reversionary transition to retirement income streams On 12 February Treasury released a draft of legislation to ensure that a reversionary transition to retirement income stream (TRIS) will always be allowed to automatically transfer to eligible dependants upon the death of the primary recipient. Currently, a reversionary TRIS requires that the dependant beneficiary satisfies a condition of release before the benefits are paid from the...