Welcome to the latest issue of the KHQ Super Alert. Several superannuation Bills have been passed this week including the significant Your Future, Your Super reforms. Parliament has also amended the ‘bring forward’ rules for non-concessional contributions, set the new interest rate for family law splits and made changes to the AML/CTF Rules. Parliament – … Read more
Welcome to the latest issue of the KHQ Super Alert. This week the ATO released an updated ‘roadmap’ of changes to come for the superannuation industry, and information for trustees about its ‘Super Enquiry Service’. APRA also published further guidance for trustees to get ready for APRA Connect. ATO – Updated industry changes roadmap On … Read more
Welcome to the latest issue of the KHQ Super Alert. This week the government announced it would extend the temporary changes to minimum pension drawdown rates for another year. Treasury commenced consultation in relation to some family law matters, and the Your Future, Your Super Bill will now move to the Senate after the House … Read more
Welcome to the latest issue of the KHQ Super Alert. Amendments were proposed this week to the Your Future, Your Super Bill which is currently before Parliament. APRA has released the latest statistics for the superannuation industry and Treasury is requesting feedback in relation to proposed changes to the calculation of exempt current pension income. … Read more
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
