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ARTICLE · 20 JULY 2022

Superannuation update – regulatory updates, legislative updates, cases and other recent developments

Holding Redlich
Holding Redlich
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Holding Redlich

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Commentary on latest developments in the superannuation industry – regulatory, legislative, cases & other recent developments.

AustraliaEmployment and HR
Luke Hooper
Luke Hooper
Michael O'Connor
Michael O'Connor
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Regulatory updates

APRA and ASIC release new FAQs on the implementation of the retirement income covenant (1 June 2022)

APRA and ASIC jointly released five new FAQs on the implementation of the retirement income covenant. These FAQs include:

  • FAQ 1: What are APRA's expectations of RSE licensees in relation to developing their retirement income strategy and meeting the requirements of the retirement income covenant by 1 July 2022?
  • FAQ 2: Can RSE licensees submit draft retirement income strategies to APRA for feedback before 1 July 2022?
  • FAQ 3: What do RSE licensees need to do from 1 July 2022 to implement their retirement income strategies?
  • FAQ 4: Is there any existing guidance on reviewing the outcomes of retirement income products?

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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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