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News, insights and resources as they unfold. Stay up-to-date with the issues affecting super.
29 September 2022
Government releases ASIC funding discussion paper; ASIC updates consumer remediation guidance; FAR Bills package progresses through Parliament; AIST’s weekly update on the status of legislation
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Superannuation Legislation update - 29 September 2022
27 September 2022
In response to the consultation related to the exposure draft regulations supporting the primary legislation, AIST reiterates the point made in the previous submission which is that the performance treatment of faith-based products be considered as a part of the larger YFYS review 2022.
AIST supports establishing a financial services Compensation Scheme of Last Resort (CSLR) in its current format, being that the levy does not apply to the superannuation sector.
26 September 2022
AIST welcomes the contribution of the Quality of Advice Review proposals paper to the debate about providing more accessible and affordable advice to more Australians, and generally supports measures to broaden the definition of personal advice. However, this is not an end in itself, and there should be a corresponding focus on the quality of advice and maintenance of consumer protections.
21 September 2022
APRA to consider extending reporting deadline due to public holiday; Fund managers amend marketing material in response to ASIC surveillance; Keep investing in reliable data and risk management - APRA Chair; AMP companies fined $14.5 million over fees for no service; Government to set up YFYS Working Group; AIST’s weekly update on the status of legislation
Superannuation Legislation update - 21 September 2022
15 September 2022
Superannuation Legislation update - 15 September 2022
Government releases draft regulations for faith-based products performance test; APRA releases regulatory ‘architecture’ modernisation paper; AIST’s weekly update on the status of legislation
08 September 2022
Superannuation Legislation update - 8 September 2022