QMV Legal Monthly Regulatory Update - March 2023

 

It was a busy month for Commonwealth Parliament with three full sitting weeks for both houses. A bill was introduced to legislate superannuation contributions as a workplace entitlement, whilst Treasury released a consultation on the proposal to increase the tax payable on superannuation balances above $3m.

The Regulators were also busy with ASIC releasing their final report on insurance in superannuation and the ATO updating the SFT protocol to include intra-fund transfers, among other changes.

Jonathan Steffanoni - Managing Partner
QMV Legal

 
 

March 2023 - 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. 

banking, legal, Legislation, regulation, superannuationRutu Sangamfinancial accountability regime, draft legislation, qmv legal, remuneration deferral, product executive responsibility, accountable persons, hayne royal commissiom, indemnity prohibition, significant related entity, individual penalties, superannuation trustees, apra, asic, proposal paper, Banking Executive Accountability Regime, bear, legal