Government seeks to implement two Royal Commission recommendations

The Government wishes to implement two recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry by amending some of its superannuation legislation in the Senate.

The changes are being made to a Bill, the

APRA moves ahead of Parliament on super fund outcomes test

APRA has moved ahead of the Parliament in introducing an outcomes test for large superannuation funds.

APRA released a package of new and enhanced prudential requirements, which it says are designed to focus large super funds trustees on delivering quality

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

The Bills to change ASIC towards a fee-for-service

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,