Quanta - yes that's correct you'll loose your Death & TPD insurance if you close your existing superfund & have to organise it yourself if you do move to a self managed fund. E-Super offer you some providers but it's probably better just to look more widely yourself & find the best deal. Can be a bit of a headache depending on how high you want your insurance cover, age, health history etc if your young, fit & seeking something just near the lower end of values then it probably can be taken out with a few signatures however otherwise probably need to do the required medical.
Hally - may be the case, I'm not to sure ? I didn't think it had changed so I've just always left the $5K idle in the account FWIW though not very competitive interest rate so the cash I have aside on interest is in different account I was just sticking with what i assumed was still protocol.
