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Inside track: Superannuation, Funds Management & Financial Services – In the media, in practice & courts, cases & legislation - Finance and Banking

In the media
Govt uses super legislation to impose portfolio holdings
change
MEFIA - 18 February 2021 - In what represents a hook in
the Government s Your Future Your Super legislation, it has
moved to impose portfolio holdings requirements on superannuation
funds. More.
Your future, your Super reforms introduced into
parliament
TREASURY - 17 February 2021 - The Morrison Government has
introduced legislation into parliament to ensure the superannuation
system works harder for all Australians. The Your Future, Your
Super package is scheduled to commence on 1 July 2021. More.
Industry funds rail against Government kill
switch
MEDIA - 17 February 2021 - Industry superannuation funds
are accusing the Government of unprecedented legislative over-reach ....

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Inside Track: Superannuation, Funds Management & Financial Services - In the media and In practice and courts - Finance and Banking

In the media
Parliamentary committee questions adviser jail penalty
for record-keeping
MEDIA – 4 February 2021 – A Parliamentary
Committee has questioned why financial advisers should face the
risk of five years jail for record-keeping failures under
legislation flowing from the Royal Commission into Misconduct in
the Banking, Superannuation and Financial Services due to be
debated by the Parliament.
More.
FPA calls for review of unsustainable ASIC levy as the
regulator seeks guidance on affordable advice
FPA – 3 February 2021 – The FPA has made six
recommendations in its Budget Submission 2021-22 aimed at
addressing the rapidly increasing cost of practicing as a financial
planner.
More.
Simplify super regulations: Actuaries Institute ....

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