QMV Legal Monthly Regulatory Update - February 2024

The Senate Economics Committee is busy with several superannuation related bills currently being scrutinised. We expect committee reports on the Better Targeted Superannuation Concessions and Objective Bills in the coming months.

The Bill which seeks to exempt trustees of APRA regulated superannuation funds from NALE tax and adjust AFCA’s jurisdiction remains in the Senate and wasn’t prioritised for debate during February, we hope to see passage soon.

There was further consultation by APRA in relation to changes to the ORFR standard and guidance, and ASIC released findings concerning trustee oversight of investment performance of Choice products.

There were also some interesting criminal law developments which are relevant to trustees of superannuation funds.

Jonathan Steffanoni- Managing Partner
QMV Legal

February 2024 - Monthly Legal and Regulatory Update

ABOUT QMV

QMV provides independent advisory, consulting, legal services and technology to superannuation, wealth management, banking and insurance organisations. 

Like what you see? Please subscribe to receive original QMV content! 

You may also benefit from our free monthly pensions and superannuation regulatory updates.