ASIC’s urges businesses to prepare for mandatory climate reporting
18 September 2024
From 1 January 2025, many large Australian businesses will need to prepare annual sustainability reports containing mandatory climate-related financial disclosures, following passage of a major Bill through Parliament.
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ASIC’s proceedings against Rest alleging misleading member representations are dismissed
18 September 2024
The Federal Court has dismissed ASIC’s case against superannuation trustee, Rest, for allegedly making misleading representations about limitations on members’ rights to transfer superannuation funds out of the Retail Employees Superannuation Trust between March 2015 and May 2018.
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ASIC updates superannuation forecasts relief instrument
13 September 2024
ASIC has updated the default rate of nominal wage inflation in ASIC (Superannuation Calculators and Retirement Estimates) Instrument 2022/603 from 4% p.a. to 3.7% p.a. following a period of industry consultation.
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ASIC’s Corporate Plan 2024-25: Superannuation focus areas
13 September 2024
ASIC has released its Corporate Plan, which details strategic priorities for superannuation. ASIC Commissioner Simone Constant writes that now is the time for trustees to redouble their efforts to strengthen their member proposition and deliver on their commitments to help Australians prosper in retirement.
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ASIC’s Moneysmart calls on super funds to better engage millennials
2 September 2024
Moneysmart convened a roundtable of leading influential voices for millennials and their finances that is sounding the alarm for superannuation funds to lift their game and increase services, transparency, and improved access to information to better engage millennial members.
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ASIC and APRA host Superannuation CEO Roundtables
2 September 2024
APRA and ASIC have released public notes from the latest Roundtables. The theme of the Roundtables was superannuation funds as investors of members’ money.
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A guide to ‘good’: delivering better retirement outcomes and member services for Australians
14 August 2024
Speech by ASIC Commissioner Simone Constant at a joint ASIC/APRA session at the Conexus Institute Retirement Conference.
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