ASIC added new priorities targeting super funds and market integrity, and emphases a continued focus on greenwashing.
November 24, 2023Treasurer Jim Chalmers said the bill will prevent government from raiding superannuation "for its own purposes" and help ensure a "dignified retirement for more Australians."
November 19, 2023ASIC says it will take strong, targeted enforcement action in relation to "member services failures in the super sector".
November 17, 2023HESTA performance figures used in Facebook and Instagram ads and in a webinar did not specify the period the figures related to.
November 13, 2023ASIC says Telstra Super did not respond to more than 100 complaints within the 45 days required under the new internal dispute resolution regime.
November 7, 2023At a roundtable, APRA and ASIC asked super fund trustees to prepare for mandatory climate-related financial disclosure requirements.
October 21, 2023Certain breaches will no longer be automatically reportable if they meet certain criteria, like if they impact only one person or don't cause any financial loss or damage.
October 20, 2023APRA wants to disclose super fund expenses for marketing, sponsorships, related parties, industry bodies, director and executive remuneration, and political donations.
October 11, 2023Employers tend to make super payments quarterly, even though employees are typically paid in fortnightly or monthly pay cycles.
October 10, 2023The government is proposing "slightly less generous" tax concessions for individuals with a total superannuation balances above A$3mn.
October 6, 2023