APRA’s ability to disqualify super fund CEOs

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Ed.

From financialnewswire.com.au: The Australian Prudential Regulation Authority has confirmed its ability to disqualify chief executives of superannuation funds under certain circumstances, specifically regarding compliance failures with the Superannuation Industry (Supervision) Act 1993.

This acknowledgment follows a question from Senator Andrew Bragg related to the decision-making process at Cbus concerning a significant investment in the Housing Australia Future Fund.

Filed under: Superannuation

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