The Super Brief | January 2025

In Brief.

2025 is upon us, and with it, a looming federal election. Tying-off loose ends while signposting future directions, the government has allocated $400 million to its payday super reform and released an information paper on the intended scope of the second Delivering Better Financial Outcomes package.

APRA has provided an update on the likely form of its imminent investments data reporting standard, and ASIC finalised its industry funding levies for FY23-24. Meanwhile, enforcement actions shed light on best-practice approaches to BFID obligations, and the effect of SIS covenants in the context of a SFT – especially regarding conflict management and use of discretionary trustee powers.       

Jack Allen
Lawyer