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Showing 1 - 10 of 20 results for %22Superannuation Legislation Amendment Trustee Governance Bill%22

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... entertainment. Treasury Laws Amendment (Measures 4 for a later sitting) Bill 2020: Addressing 5 underperformance in superannuation will subject MySuper funds to an annual performance test graded against a designated benchmark. Products that fail an annual ...

Will the PC recommendations fall through the cracks?

KARREN VERGARA  |  WEDNESDAY, 23 JAN 2019
Nearly two weeks after the Productivity Commission unveiled its final report, has its push to overhaul the superannuation system fallen on deaf ears? Two legal experts discuss what could happen next. Following a three-year review that produced 31 recommendations ...

For-profit lobbying leads to $53bn problem: AIST

HARRISON WORLEY  |  MONDAY, 3 DEC 2018
The Australian Institute of Superannuation Trustees believes carve-outs in superannuation reform designed to benefit the for-profit super sector are posing big problems for Australia's retirement system. Latest research from the AIST and UTS corporate ...

APRA pushes for greater control over super

KARREN VERGARA  |  WEDNESDAY, 11 OCT 2017
APRA is calling on the Senate to increase its regulatory powers to help improve superannuation governance, transparency and member outcomes. APRA deputy chair Helen Rowell told the Senate Economics Legislation Committee aiming to address weaknesses ...

Members better off with equal representation: AIST

KARREN VERGARA  |  TUESDAY, 10 OCT 2017
The Australian Institute of Superannuation Trustees is urging the Senate to reject the Turnbull Government's proposal to mandate a governance model for superannuation funds and preserve the equal representation rule. In response to the Superannuation ...

Fraser review challenges super board independence

DARREN SNYDER  |  FRIDAY, 17 FEB 2017
... said. His review, published almost a year since its due date, goes on to say the original Superannuation Legislation Amendment (Trustee Governance) Bill and its attack on the equal representation model of not-for-profit funds "is contrary to the support ...

Super governance saga continues

DARREN SNYDER  |  THURSDAY, 3 DEC 2015
The Association of Superannuation Funds of Australia (ASFA) has penned a letter to Assistant Treasurer Kelly O'Dwyer supporting several amendments to the superannuation trustee governance bill. ASFA has told O'Dwyer it would support the federal government ...

Super fund governance bill enters final debate

DARREN SNYDER  |  MONDAY, 30 NOV 2015
The Senate is slated to have its final debate on the superannuation trustee governance bill tomorrow, which at a minimum will see one third independent directors on APRA-regulated super fund boards. The bill could see one last amendment from crossbench ...

More must be done to cut fees: FSC

MARK SMITH  |  THURSDAY, 1 OCT 2015
... said. A new report released in the FSC's submission to the Senate Economics Inquiry into the Superannuation Legislation Amendment (Trustee Governance) Bill 2015 shows that increasing scale in super through mergers and raising competitive tensions would ...

Retail funds cheer super board governance bill

LAURA MILLAN  |  THURSDAY, 17 SEP 2015
... in their best interests," BTFG general manager of superannuation Melinda Howes said. The Superannuation Legislation Amendment (Trustee Governance) Bill 2015 considers increasing the number of independent trustees in fund boards and considering professionals ...
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