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Literacy for Life
News, insights and resources as they unfold.
Stay up-to-date with the issues affecting super.
23 February 2023
Objective of super, paid parental leave, performance test, NALI exemption, and more
21 February 2023
AIST supports strong and effective measures to address tax avoidance and ensure appropriate arms-length arrangements are in place. The Treasury proposal to exempt large APRA funds from NALI provision in relation to ‘general expenses’ is welcomed and should be extended to ’specific assets’ for these funds.
20 February 2023
AIST supports the inclusion of superannuation into the National Employment Standards and a continued role for the FWC in reviewing default fund provisions that is separate from APRA’s product-specific oversight.
AIST also supports the inclusion of superannuation in parental leave to improve equity for primary carers and better incentivise sharing of flexible leave entitlements.
The Australian Institute of Superannuation Trustees (AIST) today welcomed the proposed definition of the objective of superannuation, as the Federal Government launched a consultation process.
16 February 2023
AIST and Women In Super support the proposed policy intent to prevent offenders shielding assets in the super system. As the ATO has oversight of the full super system, they should be tasked with the administration of the scheme with the role of funds limited to facilitating the release of funds to the ATO on receipt of an instruction.
Stay up-to-date on the current status of superannuation Bills currently before Parliament.
Climate risks, APRA objectives, Indigenous Framework, ASIC enforcement, and more
10 February 2023
AIST supports a principles-based approach to planning for successor fund transfers and wind-ups that is flexible and proportional to the circumstances of the fund.
09 February 2023
Quality of Advice report, government consultation, annual meeting notice regulations, and more