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ARTICLE · 18 JULY 2021

Superannuation monthly update – Regulator updates and Legislation

Holding Redlich
Holding Redlich
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Holding Redlich

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This monthly update links to recent regulator updates (APRA & ASIC) and legislation relating to superannuation.

AustraliaFinance and Banking
Luke Hooper
Luke Hooper
Michael O'Connor
Michael O'Connor
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Regulator updates

APRA releases information on APRA Connect (4 June 2021)

APRA published further information to assist superannuation funds in getting ready for the new data platform 'APRA Connect', which commences in September 2021.

APRA Connect is the new data collection solution for reporting entities lodging information and data with APRA.

ASIC Information Sheet 256 FAQs: Ongoing fee arrangements (24 June 2021)

ASIC released Information Sheet 256 (INFO 256) outlining changes to ongoing fee arrangements introduced by the Financial Sector Reform (Hayne Royal Commission Response No 2) Act 2021 (Cth). INFO 256 answers frequently asked questions on obligations to provide a fee disclosure statement to retail clients for ongoing fee arrangements.

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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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