MOving Ahead August 2019

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By Luke Cooper, Special Counsel

This publication is filled with legal and regulatory developments designed to help super fund trustees meet the challenges of minimising the impact and maximising strategic opportunities arising from regulatory change.

In this month’s MOving Ahead:

  • APRA proposes to create a new prudential standard relating to remuneration requirements across all APRA-regulated industries
  • ASIC issues guidance in respect of the prohibitions contained in amended SIS, section 68A
  • APRA releases its new Data Collection Solution Implementation Plan
  • ASIC seeks feedback in respect of its proposed regulatory guidance for entities that must have a whistleblower policy under the Corporations Act
  • the Senate Economics Legislation Committee recommends that the government extends the Treasury Laws Amendment (Putting Members’ Interests First) Bill 2019 commencement to 1 December 2019
  • the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019, Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019, and Treasury Laws Amendment (Ending Grandfathered Conflicted Remuneration) Bill 2019 are introduced
  • the Federal Government asks the House of Representatives Standing Committee on Economics to inquire into progress made by financial institutions in implementing the recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry
  • the ATO states that a number of trustees are unable to release benefits (on compassionate grounds) to their members when presented with an ATO CRS approval letter
  • ASIC outlines seven strategic priorities forming part if its Corporate Plan.

Click here to access August’s edition.

For further information, please do not hesitate to contact us.

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