Super Alert – 23 April 2021

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

Super Alert – 11 December 2020

Welcome to the latest issue of the KHQ Super Alert. Parliament has had a busy week passing two superannuation Bills and introducing a further Bill to implement outstanding Royal Commission recommendations (which includes the ban on advice fees from MySuper products). ASIC has also deferred the start date for the portfolio holdings disclosure requirements.  ASIC … Read more

Super Alert – 2 October 2020

Welcome to this week’s issue of the KHQ Super Alert. APRA has clarified the interaction of JobKeeper payments and the work test for personal contributions, and provided a reminder to trustees about SPS 515 compliance. ASIC has announced that Victorian-based financial advisers will obtain some small relief from non-compliance with certain obligations. APRA – work … Read more

Super Alert – 11 September 2020

Welcome to this week’s issue of the KHQ Super Alert. This week the Federal Court determined that documents produced in accordance with ASIC notices will not attract legal professional privilege in some circumstances, and the ATO updated its guidance in relation to wind-up obligations for APRA-regulated funds. Parliament – Economics Committee hearings On 10 September … Read more