Welcome to the latest issue of the KHQ Super Alert. This week APRA published a speech delivered by Helen Rowell which focused on APRA’s expectations for underperforming funds and Senator Jane Hume published a speech with similar comments. Additional guidance has been issued by APRA in relation to APRA Connect and regulations have been registered … Read more
Welcome to the latest issue of the KHQ Super Alert. A number of superannuation-related measures were announced as part of the Federal Budget this week, however the changes were not as extensive as in previous years which is some welcome news for the industry. Proposed legislation was also released in relation to establishing the Financial … Read more
Welcome to the latest issue of the KHQ Super Alert. APRA has released the draft prudential practice guide in relation to remuneration for regulated entities, while Treasury has commenced two consultations relating to greater transparency of proxy advice and miscellaneous changes to some superannuation laws. ASIC – Quarterly report On 6 May 2021, ASIC published … Read more
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
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
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
