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ARTICLE · 23 NOVEMBER 2021

Superannuation Update

Holding Redlich
Holding Redlich
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Holding Redlich

Holding Redlich

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Summary of regulator updates, legislative updates and cases relating to the superannuation industry.

AustraliaEmployment and HR

Regulator updates

APRA frequently asked questions - MySuper Heatmap (6 October 2021)

APRA released a new set of frequently asked questions in respect of the MySuper Product Heatmap. APRA's FAQs address:

  • the MySuper Product Heatmap - December 2021
  • the MySuper Product Heatmap - December 2020
  • Regulatory Guide 97: Disclosing fees and costs in PDSs and periodic statements
  • general questions about the MySuper Product Heatmap
  • technical questions about the MySuper Product Heatmap.

ASIC Information Sheet 89 Communicating with employees about choice of superannuation fund: What you can and cannot do (15 October 2021)

ASIC updated Information Sheet 89 (INFO 89) in the context of the introduction of design stapling. INFO 89 reminds employers of their roles and the boundaries in which employers may assist employees in respect of their choice of superannuation fund, as follows:

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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