The Super Brief | March 2025
In Brief.
The latest round of regulator consultations has kicked-off; ASIC seeks feedback on the stability and supervision of Australia’s private capital markets, while APRA is assessing how capital requirements for annuity products can be revised to increase availability.
The Senate Economics References Committee has made sweeping recommendations regarding the structure and governance of trustee superannuation boards. The outgoing Assistant Treasurer announced changes to the Financial Adviser qualification pathway, while the Opposition has released a suite of policies to reduce ‘red tape’ in financial services.
The judgement in ASIC v AustralianSuper has identified candour, self-instigated remediation, and a trustee’s corporate structure as significant factors in the determination of civil penalties.