It was a relatively quiet start to the 2023, with little activity from regulators and Parliament not scheduled to resume until February. However, a key development was the release of a consultation to introduce measures to prevent child sexual abuse offenders from shielding their assets in the superannuation system.

To the relief of large APRA-regulated trustees, the long-awaited reforms to the NALE Rules were released by the ATO for consultation. APRA also reiterated their focus on prioritising member outcomes with enforcement action initiated against a superannuation trustee.

Jessica Pomeroy - Senior Regulatory Consultant
QMV Legal

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