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Superannuation, Funds Management & Financial Services

Through actual superannuation fund board experience, we are conscious of the need for our input to add real value.

Superannuation, Funds Management & Financial Services

Our team is among the most experienced in Australia. Our lawyers have experience across the financial services spectrum, including in relation to managed funds, superannuation, insurance, custody, registry and administration. Our deep understanding of the sector means we can deliver advice that is timely, practical and cost-effective, because we can anticipate not only the regulatory and technical issues that may arise, but also be mindful of the political and competitive environment.

Expertise

  • compliance and regulatory issues
  • trust deed and constitution interpretation, reviews and amendments
  • governance issues, including director and trustee duties
  • fund establishments, restructures, mergers, rationalisations and closures, including successor fund transfers and transfers and amalgamations of life insurance business
  • acquisitions and disposals
  • insurance policy review, policy drafting and negotiation, and takeover arrangements
  • insurance claims and disputes, including death benefit allocations, total and permanent disability benefit claims, Superannuation Complaints Tribunal complaints and superannuation-related litigation
  • financial product development
  • financial advice and product distribution
  • investment, including direct investments, derivatives trading, infrastructure and property funds
  • communications and disclosures, including product disclosure statements, prospectuses, and periodic disclosure
  • licensing
  • breach reporting and other liaison with regulators regarding audits and investigations, compliance issues and queries.

We have collaborated with ASEAN Plus Group on FinTech. Click here to view the APG guide to the Regulation of Payment Services in Asia-Pacific.

Experience

  • experience advising large superannuation funds in relation to their investments in Australia and offshore and associated corporate and commercial issues
  • advice to trustees in respect of important operational fund documents such as trust deeds, administration agreements and custodian agreements.

Recent Posts

20 October 2020 - Knowledge

Federal Court confirms broad reach of superannuation guarantees to personal service contractors

#Workplace Relations & Safety, #Superannuation, Funds Management & Financial Services

A Full Federal Court decision has confirmed that employers may be required to make superannuation contributions, even if an independent contractor is not an employee under common law.

19 October 2020 - Knowledge

Inside track: Superannuation, Funds Management & Financial Services

#Superannuation, Funds Management & Financial Services

ASIC has obtained interim orders and injunctions from the Federal Court of Australia against Mr David Murphy, Mr Anastasios Mavroulis, Mrs Kewa Ruwhiu and Mr Mathew Ruwhiu (the defendants) and Debts Knockout Pty Ltd (Debts Knockout) in relation to unlicensed financial services.

06 October 2020 - Knowledge

Inside track: Superannuation, Funds Management & Financial Services

#Superannuation, Funds Management & Financial Services

Increasing the number of people who can be members of a Self-Managed Superannuation Fund (SMSF) risks creating systemic risks, according to University of Sydney Professor of Finance, Susan Thorp.

02 October 2020 - Knowledge

Superannuation monthly update – September 2020

#Superannuation, Funds Management & Financial Services, #COVID-19

In this edition, we discuss our thoughts on the 22 September amendments to the ASIC Corporations (Amendment) Instrument 2020/853 and highlight key superannuation news, cases and legislation in September.

21 September 2020 - Knowledge

Inside track: Superannuation, Funds Management & Financial Services

#Superannuation, Funds Management & Financial Services

Australians are making long term changes in their spending behaviour to minimise the impact of COVID-19 on their finances, according to CoreData research presented at The Financial Planning Association’s keynote event held earlier this month.

07 September 2020 - Knowledge

Inside track: Superannuation, Funds Management & Financial Services

#Superannuation, Funds Management & Financial Services

ASIC has commenced proceedings in the Federal Court of Australia against Dixon Advisory and Superannuation Services Limited, a subsidiary of ASX-listed Evans Dixon Limited

01 September 2020 - Knowledge

Superannuation monthly update – August 2020

#Superannuation, Funds Management & Financial Services, #COVID-19

In this edition, we wrap-up key news, legislation and other developments in superannuation in August 2020.

24 August 2020 - Knowledge

Inside track: Superannuation, Funds Management & Financial Services

#Superannuation, Funds Management & Financial Services

ASFA has listed the ways in which super funds have supported infrastructure across transport and energy, as well as property and healthcare assets, in a new report titled The role of the superannuation industry in supporting the Australian economy.

10 August 2020 - Knowledge

Inside track: Superannuation, Funds Management & Financial Services

#Superannuation, Funds Management & Financial Services

ASIC has cancelled the Australian financial services (AFS) licence of Global Merces Funds Management Limited (Global Merces) effective 20 July 2020.

03 August 2020 - Knowledge

Superannuation monthly update – July 2020

#Superannuation, Funds Management & Financial Services, #COVID-19

In this edition, we look at the claim by a holder of Australian Government bonds that Commonwealth officials misled and deceived investors by failing to adequately disclose climate risks in the relevant disclosure documentation.

28 July 2020 - Knowledge

Inside track: Superannuation, Funds Management & Financial Services

#Superannuation, Funds Management & Financial Services

ASIC released minor amendments to the fees and cost disclosure regime for issuers of superannuation and managed investment products.

13 July 2020 - Knowledge

Inside track: Superannuation, Funds Management & Financial Services

#Superannuation, Funds Management & Financial Services

The Australian Federal Police freezes more than 50 bank accounts suspected of defrauding the Government's program that allows early access to superannuation, which was introduced in response to the COVID-19 crisis.