Superannuation Trustee Governance
11/12/2015
There has been some reporting on ASIC's confidential submission to the Senate Economics Legislation Committee on the Superannuation Legislation Amendment (Trustee Governance) Bill 2015.
In response to a request from the Committee, ½ñÈÕÈÈÃÅʼþprovided factual information relating to the operation of the Corporations Act. ½ñÈÕÈÈÃÅʼþdid not comment directly on the Bill.
While ½ñÈÕÈÈÃÅʼþhas a broad regulatory mandate with respect to Australian financial services providers and public companies, we do not have a specific regulatory role with respect to the governance of Australian superannuation funds. That role is performed by the Australian Prudential Regulatory Authority (APRA).
ENDS