Superannuation Laws Amendment (Strengthening Trustee Arrangements) Bill 2017

Government drops proposed one-third independent directors for super funds

The Government has, reportedly, dropped plans to change the governance of large super funds by requiring at least one-third independent directors. The Government has for some time wanted to increase the number of independent directors on super fund boards – which would particularly impact industry funds. However this has now… Read More »Government drops proposed one-third independent directors for super funds

Government puts super fund governance & accountability Bills to Senate first

The Government has introduced Bills to enact its super fund governance and accountability policies to the Senate, before the House of Representatives, restarting a battle between industry and retail super fund. The Government introduced the Bills directly to the Senate, instead of to the House of Reps. Minister for Revenue… Read More »Government puts super fund governance & accountability Bills to Senate first