After several months of little activity, we finally saw several pieces of superannuation-related legislation progressing through Parliament, including with the Compensation Scheme of Last Resort and financial reporting and auditing requirements for superannuation trustees.

Additionally, the much-anticipated response to the Quality of Advice Review was released by the Government, citing acceptance of many of the recommendations made within the Report. Treasury also released a second consultation to implement mandatory climate-related financial disclosures, while clarity was provided to superannuation trustees in relation to non-arms length income and expense provisions.

Jessica Pomeroy- Senior Regulatory Consultant
QMV Legal

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