As we enter the last few weeks of 2022, any hopes that there would be calm waters on the policy, legislative, and regulatory front for superannuation trustees appear dashed.

The Financial Accountability Regime and Compensation Scheme of Last Resort Bills have stalled in the Senate, while the faith-based product exceptions to the MySuper annual performance assessment have also been rolled into the broader review of the Your Future, Your Super reforms.

The uncontentious downsizer contribution reforms have been legislated. APRA commenced consultation on important changes to the prudential framework concerning SFTs, ORFRs, and investment governance. Oh, and some important cases!

Jonathan Steffanoni - Managing Partner
QMV Legal

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