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 –

Superannuation Bills largely stalled in Senate ahead of winter break

With Parliament having risen for the long winter break many of the Government’s superannuation Bills remain stalled in the Senate, with some not even being debated yet in 2018

ASIC fee-for-service Bills Read more...

Labor may yet support expansion of super fund choice

Labor will oppose the Government’s superannuation governance and reporting changes, but may yet support an expansion of super fund choice to more employees.

Labor says it will oppose two of the Government’s superannuation Bills, but may support a third if

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,