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Literacy for Life
News, insights and resources as they unfold.
Stay up-to-date with the issues affecting super.
25 October 2022
The Australian Institute of Superannuation Trustees (AIST) has welcomed the proposed Housing Accord and the critical role that super funds can play as institutional investors as well as the announcement that paid parental leave (PPL) will increase to 26 weeks in 2026.
The 2022-2023 Federal Budget is designed to address the rising cost of living, invest in a stronger more modern economy and re-target spending. The Federal Government made no major announcements about superannuation in its Budget.
20 October 2022
Superannuation Legislation update - 20 October 2022
New statistics, risk analysis, group super and more
19 October 2022
AIST is supportive of the consolidation of business continuity and outsourcing into a single operational risk standard, subject to segmentation of industry-specific clauses and guidance.
14 October 2022
AIST supports the policy intent of the Your Future Your Super (YFYS) package of reforms. In our compulsory system, where engagement is low, members should be able to trust that super funds are being held to account for their performance. Those who wish to choose should have access to reliable and useful product information that prioritizes the most important metrics.
13 October 2022
Superannuation Legislation update - 13 October 2022
Telecoms regulations changed to allow customer data sharing; AUSTRAC releases statement about crime risks after Optus breach; AUSTRAC provides new guidance on source of funds and wealth check; APRA extends reporting deadline for investment option data; APRA delays DIO reporting; Nowhere to hide for underperforming super funds - APRA; Super fund solvency not at risk from negative returns – RBA etc.
The Australian Institute of Superannuation Trustees (AIST) has used the release of a new study of global pension systems to renew its call for the Federal government to take more action to improve the position of Australian women in retirement.
11 October 2022
Amendments to the Telecommuncations Regulations have been made that allow telecommunications carriers and carriage services providers to disclose certain customer data in limited circumstances have been registered. This follows the Government's announcement last week of their intention to make these regulations. These amendments come into effect on 12 October 2022.