The guidance will help FIs develop alternative customer identification and verification procedures to help customers that are unable to meet standard ID requirements.
December 9, 2022The incumbent government's Super Home Buyer Scheme, seen as a play for voters, is being cricitised by the superannuation industry.
May 19, 2022AIST is asking AUSTRAC to recognise that super funds are presented with lower risks than other reporting entities, and to align its expectations for SoF and SoW checks accordingly.
April 18, 2022The reforms extend AFS licensing requirements to a greater range of proxy adviser activities, as well as enhance transparency of super funds' voting records.
December 23, 2021Industry bodies broadly support the inclusion of administrative fees in the performance test, though an extra one million super accounts could fail the test as a result.
May 5, 2021Senator Andrew Bragg is suggesting to use the 'Your Future Your Super' legislation to force consolidation between the AIST, ISA, FSC and ASFA.
April 16, 2021Industry bodies ISA and AIST say the legislation doesn’t go far enough and are pushing for the legislation to be reviewed by a Senate Committee.
February 19, 2021APRA has published a colour-coded 'heatmap' to lift industry practices and enhance member outcomes by enabling comparison between superannuation products.
December 11, 2019Under the government's implementation roadmap, close to 90% of its remaining commitments will be implemented by mid-2020, and legislation for the rest will be introduced by end-2020.
August 20, 2019APRA plans to publish the names of Australia’s worst performing superannuation funds in a drive to improve investor outcomes, standards and accountability in the industry.
March 15, 2019