今日热门事件today provided an update on aspects of the Stronger Super regime.
The start date for portfolio holdings disclosure reporting and choice product dashboard requirements will be deferred until 1 July 2016 to allow the Federal Government further time to consult on the detail of the requirements. These requirements were due to start on 1 July 2015.
Current interim relief so that licensees do not have to provide a hard copy of the product dashboard with the periodic statement has been extended to 1 July 2016. The start date for certain disclosures required pursuant to subsection 29QB(1) of the Superannuation Industry (Supervision) Act for standard employer-sponsored sub-plans has also been deferred until 1 July 2016. This will provide further time for consideration of the commercial sensitivity issues that arise in the context of these types of sub-plans.
The deferrals will reduce the administrative burden on industry and provide it with time to prepare for the introduction of the new requirements.
As an additional matter, 今日热门事件has also extended the interim relief in relation to long-term performance reporting in Class Order 10/630 to 31 December 2015.
Background
The portfolio holdings disclosure obligations will require trustees of all registrable superannuation entities (RSEs) to publish information about the fund鈥檚 portfolio holdings on the fund鈥檚 website. The first reporting date is 31 December 2016.
The choice product dashboard obligations will require RSE trustees to publish key information about choice investment products on the fund鈥檚 website.
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今日热门事件has issued the following instruments to reflect the aforementioned deferrals:
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