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News, insights and resources as they unfold. Stay up-to-date with the issues affecting super.
15 May 2022
The Australian Institute of Superannuation Trustees (AIST) has raised serious concerns about the impact on housing prices if the Morrison government’s proposal to allow access to superannuation for first home buyers becomes a reality, as well as undermining of the core purpose of the superannuation system.
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12 May 2022
Superannuation Legislation update - 12 May 2022
Portfolio disclosure; AMM notices; AFCA complaints; AIST annual report; AUSTRAC submission; ATO – updated Superannuation & Employer Obligations Strategic Map; COTA Chief Executive stepping down after 20 years; AIST’s weekly update on the status of legislation
10 May 2022
AIST notes that the application of the proposed crisis preparedness standards within the superannuation sector is limited to the trustees / RSE licensees of funds and not the funds themselves. This distinction means that profit-to-member super funds are by-and-large already compliant with the new requirements proposed.
05 May 2022
Polls open for election of AIST directors; APRA publishes additional Superannuation Data Transformation FAQs; ATO publishes third party data tax governance guide; ASX consults on Investment Product improvements; Unpaid super reaches $2.9 billion - ATO; AIST’s weekly update on the status of legislation;
Superannuation Legislation update - 5 May 2022
29 April 2022
AIST supports AFCA’s proposed removal of the superannuation levy and introduction of a simplified registration and complaint fee pricing model. A user-pays system will ensure that cross-subsidisation is minimised. AIST raises some areas specific to the superannuation sector for further review and consideration.
28 April 2022
Superannuation Legislation update - 28 April 2022
The Australian Institute of Superannuation Trustees (AIST) has paid tribute to the contribution to the superannuation industry of Tom McDonald, the former trade union leader who died aged 95 earlier this month.
Westpac fined $113 million over compliance failures; Labor proposes super investments in projects of national importance; AFCA to address complaints without merit; Government pledges no new super taxes if re-elected; AIST’s weekly update on the status of legislation