The Super Brief | November 2024

Download your copy of The Super Brief and subscribe to receive directly to your inbox.

It’s the most wonderful time of the year; annual report season! APRA has emphasised its firm focus on intensifying fund expenditure supervision; releasing its inaugural expenditure data report late this month. Several regulatory resources have been issued; notably a material service provider registration template, guidance on relief and no-action letters, and amendments to SPS114 Operational Risk Financial Requirements. The ATO concluded a significant enforcement action against the operator of a fraudulent early release scheme, and issued its annual compassionate early superannuation access data; observing a significant upward trend.

Jack Allen
Lawyer