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FSC liaison with Australian Taxation Office steps up
The FSC works closely with the Australian Taxation Office (ATO) on many issues of importance to members.
CEO Letter: July 2022
The Parliament resumed for its first sitting week and to begin work on the new Government’s ambitious reform agenda. Spanning climate change, industrial relations, aged and health care and the economy, the Government will not be short of challenges to manage over coming months.
Key superannuation policy priorities of the new Government
Now that the Government has determined its key Ministerial appointments and gets underway with implementing its legislative agenda, it’s timely to briefly examine the three key areas of Government focus over the next year when it comes to superannuation.
Media Release: FSC welcomes review into Your Future, Your Super
The Financial Services Council (FSC) welcomes the Government’s decision to pause the extension of the Your Future, Your Super (YFYS) performance test beyond MySuper products for 12 months, and to review the YFYS laws.
Updated Guidance for Corporate Collective Investment Vehicles
ASIC released new and updated guidance for corporate collective investment vehicles (CCIVs) on 23 June. The requirements come into effect on 1 July 2022, when the CCIVs regime commences.
ASIC consultation on proposed DDO exemption for reissue of insurance policies
ASIC is conducting a targeted consultation in response to a FSC request for life insurers to be exempt from the design and distribution obligations (DDO) in certain limited situations.