Topic
Superannuation
113 published works
Bright Law Blog
AFCA Approach to superannuation fees and charges
AFCA has updated and released its AFCA Approach to superannuation fees and charges document. The document sets out AFCA’s approach to assessing complaints that allege that a fee or charge…
Bright Law Blog
Case note: hawking conviction in relation to superannuation roll over calls
ASIC has announced that National Advice Solutions Pty Ltd has been convicted of one charge of breaching anti-hawking laws under section 992A(3) of the Corporations Act and fined $70,000. ASIC…
Global Regulation Tomorrow
Financial services monthly wrap-up: December 2022 and January 2023
By Jon Ireland, Ray Giblett (AU), Rajaee Rouhani, Stephen Lee, Merren Taylor, Timothy Chan (AU), Joshua Kan, Rex Lee
As 2022 came to a close, the regulators concluded the year with a busy month in December. Notably, ASIC ended the year by reminding stakeholders of the importance of ensuring…
Bright Law Blog
Access to an offender’s superannuation assets
Treasury has released a consultation paper setting out two complementary proposals that would provide for the release of an offender’s superannuation for the purposes of satisfying unpaid compensation orders. These…
Bright Law Blog
ASIC report on complaints handling by superannuation trustees
On 9 December, ASIC released Report 751 Disputes and deficiencies: A review of complaints handling by superannuation trustees (Report 751), which ASIC states provides insights for compliance by superannuation trustees…
Allens Insights
APRA risk events and superannuation transfer planning
By Allens
Proposed changes and their implications for RSE licensees 12 min read Proposed changes and their implications for RSE licensees APRA has released two discussion papers which will be of interest…
Bright Law Blog
APRA proposes changes to financial resources for risk events in superannuation
The Australian Prudential Regulation Authority (APRA) has proposed changes to improve how superannuation trustees manage financial resources to protect fund members from poor operational risk event outcomes. APRA’s discussion paper…
Bright Law Blog
Review of APRA’s supervision of superannuation
The Financial Regulator Assessment Authority is conducting its first review of the effectiveness and capability of the Australian Prudential Regulation Authority. The consultation paper indicates it is a targeted assessment…
Bright Law Blog
RSE Licensee annual members’ meetings disclosure rules finalised
The Government has registered regulations relating to requirements for registrable superannuation entity licensees to disclose expenditures with the Annual Member’s Meeting notice. The regulations require super funds to itemise all…
Bright Law Blog
APRA finalises prudential standard on superannuation investment governance
The Australian Prudential Regulation Authority (APRA) has released final Prudential Standard SPS 530 Investment Governance (SPS 530). SPS 530 will commence on 1 January 2023. SPS 530 requires registrable superannuation…