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ARTICLE · 16 DECEMBER 2021

Superannuation monthly update – Regulator updates, Legislation, and Cases and recent developments

Holding Redlich
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Links to regulator updates (ATO, ASIC and APRA), legislation, cases and other developments relating to superannuation.

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

APRA frequently asked questions – Your Future, Your Super performance test (3 November 2021)

APRA released two new frequently asked questions (FAQs) regarding general guidance on the Your Future, Your Super performance test.

The answers to the new FAQs state:

  • APRA's intention to publish the performance test values as part of its MySuper product heatmap, due to be released in December 2021
  • the benchmark representative administration fees and expenses (RAFE) used for the 2020-21 performance test was 0.3286%.

APRA and the RBA combined statement on climate change (4 November 2021

The RBA and APRA have published a combined statement for trustees on effective decision-making, outlining the importance of a full consideration of risk, including the potential impact of physical, transition and liability climate risks.

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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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