Welcome to the latest issue of the KHQ Super Alert. The Senate has tabled its report in relation to the ‘Your Future, Your Super’ Bill (recommending that it be passed) and the exposure draft regulations to support the Bill have also been released by Treasury. APRA has also issued two news items in relation to … Read more
You may recall we recently posted that the Justice Legislation Amendment (System Enhancements and Other Matters) Bill 2021 had passed through parliament dealing with electronic signing on a permanent basis. A number of provisions set out in the Act and the accompanying regulations come into operation today, 26 April 2021. In particular: Part 11 which … Read more
Welcome to the latest issue of the KHQ Super Alert which is lengthy compared with the last issue’s quiet news week. Three consultations have been released in relation to: the new breach reporting framework (ASIC), climate change risks (APRA) and the proposed single disciplinary body for financial advisers (Treasury). Regulations have been registered to provide … Read more
Changes to the Fair Work Act, Fair Work Commission review of Modern Awards and Rossato High Court appeal Long awaited amendments to the Fair Work Act 2009 (Cth) (FW Act) came into effect on 27 March 2021, ending years of apparent uncertainty with respect to the engagement of casuals and feared “double dipping” by casual … Read more
Welcome to the latest issue of the KHQ Super Alert. ASIC has released a report in relation to its enforcement activities in the second half of last year. The ATO has released updated superannuation rates and thresholds commencing from 1 July 2021, as well as its final report into the early release of superannuation scheme. … Read more
Welcome to the latest issue of the KHQ Super Alert. The opening statements from APRA and ASIC have been released for the Senate Economics Legislation Committee’s inquiry into the Your Future, Your Super reforms. ASIC has also issued a reminder to trustees in relation to its IDR expectations. APRA and ASIC – Your Future, Your … Read more
Welcome to the latest issue of the KHQ Super Alert. This week AUSTRAC released additional guidance for the industry in relation to strengthening AML/CTF programs. New materials for data reporting to the ATO and APRA were also released, as well as an article from the ATO about the closure of ERFs and the introduction of … Read more
Welcome to the latest issue of the KHQ Super Alert. This week APRA released additional material in relation to its data transformation project, while ASIC issued three instruments relating to advice fee consents and independence disclosures. The temporary relief in relation to the electronic execution of company documents also expired this week. APRA – Data … Read more
Welcome to the latest issue of the KHQ Super Alert. A Senate Committee has recommended that the Bill to continue the temporary electronic execution rules in the Corporations Act be passed, while Treasury has released a draft framework in relation to the new program to introduce director identification numbers. Parliament – Bill for electronic execution … Read more
