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.
News from King & Wood Mallesons
News from The Lawyer
Briefings from King & Wood Mallesons
High Court decides: liquidators of insolvent landlords can disclaim leases with the effect of extinguishing the tenant’s leasehold interest
In Willmott Growers Group Inc v Willmott Forests Limited, the majority of the High Court upheld the Victorian Court of Appeal’s conclusion that the liquidators of an insolvent landlord can disclaim a lease.
Queensland recently brought an interlocutory application seeking a declaration that its laws were valid until a court finally determined otherwise.
Analysis from The Lawyer
All-encompassing change is now a reality for the UK’s top 200 firms. How are they coping with the unprecedented upheaval? The Lawyer finds out