News

Superannuation Consumer Advocate expression of interest process opens

The Government has asked for expressions of interest on a consumer advocacy body for superannuation, as announced in the Federal Budget. The Government has commenced an Expression of Interest (EOI) process for a ‘Consumer Advocacy Body for Superannuation’. Announcing the process, Assistant Minister for Superannuation, Financial Services and Financial Technology,… Read More »Superannuation Consumer Advocate expression of interest process opens

Expansion of employee super choice Bill returns to Parliament

The Government has reintroduced legislation to Parliament to expand super choice to more employees, allowing them to choose which super fund receives their employer contributions. The Government has introduced the Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019 to the House of Representatives. The Bill would, if passed, let… Read More »Expansion of employee super choice Bill returns to Parliament

APRA acts on related party insurance Royal Commission recommendation

APRA has started the process to implement recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry on super funds obtaining insurance from related parties, and how they classify members as smokers or other categories. APRA has written to the trustees of all large super… Read More »APRA acts on related party insurance Royal Commission recommendation

2020 SMSFA national conference to open with ‘crystal ball’ into superannuation in 2030

The 2020 SMSF Association National Conference will open with a ‘crystal ball’ discussion of what the superannuation landscape will be like in 2030. First up on the three-day conference schedule is a thought leadership breakfast, with Jeremy Cooper, Chairman of Retirement Income at Challenger, and who headed the Super System… Read More »2020 SMSFA national conference to open with ‘crystal ball’ into superannuation in 2030

Treasurer returns to ‘no plans’ to change SG rate timetable language

Treasurer Josh Frydenberg has returned to the language of ‘no plans’ to change increases in the Super Guarantee rate, only days after the Review of Retirement Incomes started. The Treasurer was asked on ABC’s Insiders if the Government was committed to increasing the SG rate to 12% by 2025. Frydenberg… Read More »Treasurer returns to ‘no plans’ to change SG rate timetable language