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Inside track: Superannuation, Funds Management & Financial Services

06 April 2020

#Superannuation, Funds Management & Financial Services

Inside track: Superannuation, Funds Management & Financial Services

In the media

Make superannuation an essential service – ASFA
The Association of Superannuation Funds of Australia has approached the Commonwealth and State Government seeking its case forward for recognition of superannuation funds as an essential service (31 March 2020).  More...

ATO alone wholly responsible for identifying super early release applicants
The Federal Government has confirmed that the Australian Taxation Office will be wholly responsible for identifying and verifying hardship early release superannuation candidates, with no involvement on the part of AUSTRAC (30 March 2020).  More...

COVID-19 update: AUSTRAC supports the ATO online early release of super initiative
The COVID-19 global pandemic is impacting all Australians and Australian businesses. AUSTRAC acknowledges that this is an unprecedented time for the superannuation sector (27 March 2020 ).  More...

Court confirms Storm Financial founders breached duties
The Full Federal Court has confirmed the directors of Storm Financial Group breached their duties as directors, dismissing their appeal of ASIC's 2016 decision (27 March 2020).  More...

Big four banks public hearings deferred, Super liquidity issues up for scrutiny
The House of Representatives Standing Committee on Economics has deferred its hearings with the four major banks on 12 June and 26 June until later in 2020 (27 March 2020).  More...

APRA adapts 2020 agenda to prioritise COVID-19 response
APRA is suspending all substantive public consultations and actions to finalise revisions to the prudential framework that are currently underway or upcoming, including consultations on prudential and reporting standards (23 March 2020).  More...

Code reporting signals strong commitment to governance across $1.4 trillion profit-to-member sector
Australia’s profit-to-member superannuation funds – which include industry, public-sector and corporate funds - have demonstrated a strong commitment to the high standards of corporate governance set by AIST’s Governance Code in their reports against the Code for fiscal year 2019 (23 March 2020).   More...

Disclaimer
The information in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, we do not guarantee that the information in this newsletter is accurate at the date it is received or that it will continue to be accurate in the future.

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