Insurance in Superannuation Voluntary Code of Practice
4 October 2019
ASIC has issued a letter to superannuation industry associations, outlining our observations and concerns about the implementation of the Insurance in Super Voluntary Code of Practice.
Read the letter
ASIC remakes instrument about departed former temporary residents’ unclaimed superannuation disclosure
ASIC has remade Class Order [CO 09/437] Departed former temporary residents superannuation – Disclosure relief, which was due to expire on 1 October 2019.
Read the media release
View the instrument
Trustees warned about influencing employers through improper inducements
ASIC has issued guidance to superannuation trustees, reminding them that using improper inducements to influence employers in their choice of default fund is illegal.
Read the media release | Read INFO 241
Lifting the Bar, Superfunds June 2019
ASIC is urging superannuation trustees to prioritise member interests when handling insurance claims and complaints.
In this month’s Superfunds magazine, Senior Executive Leader for Superannuation, Jane Eccleston explains why change is necessary and how small improvements can make a big difference for super fund members.
Read the article (PDF 376KB)
Member communications associated with the Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018
11 April 2019
ASIC has issued a letter to superannuation industry associations to highlight expectations relating to member communications associated with the Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018, particularly in relation to initial insurance cancellation notices to be issued by 1 May 2019.
Read the letter
ASIC and APRA publish joint letter on superannuation fees
10 April 2019
ASIC and APRA have published a joint letter to all registrable superannuation entity licensees to reinforce the importance of ensuring fees charged to members are in line with the members’ best interests.
Read the release and joint letter
Roundtable meetings on fees and cost disclosure
5 March 2019
ASIC held roundtable meetings on the RG 97 fees and costs disclosure regime:
- in Sydney on Monday 4 March 2019 at ASIC’s office at 100 Market Street, and
- in Melbourne on Tuesday 5 March 2019 at ASIC’s office at 120 Collins Street.
Find out more