King & Wood Mallesons

Asia-Pacific 100 position: 3

Draft MySuper regulations released

The exposure draft Superannuation Legislation Amendment (MySuper Measures) Regulation 2013 sets out the proposed requirements for ‘product dashboards’ for MySuper products; disclosing information relating to superannuation fund investments (portfolio holdings); and disclosing information about executive officer remuneration and the fund.

Amendments will also be made to PDS content requirements for superannuation products. There are also amendments to requirements relating to actuarial standards and defined benefit funds and other minor amendments including some changes to periodic statements, and additional information that trustees must give to APRA. This includes written notice of a trustee’s decision to transfer a member’s benefits from the fund, without the member’s consent. While this is intended to capture a decision to effect a successor fund transfer, it could also capture a decision to transfer a member’s accrued default amount to another fund or to transfer a member’s benefit to an eligible rollover fund…

If you are registered and logged in to the site, click on the link below to read the rest of the King & Wood Mallesons briefing. If not, please register or sign in with your details below.

 

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from King & Wood Mallesons

View more briefings from King & Wood Mallesons

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

Level 61, Governor Phillip Tower
1 Farrer Place
Sydney
NSW 2000
Australia
http://www.kwm.com

Jurisdiction: PRC/Australia
No. of offices: 20
No. of qualified lawyers: 1,252