From www.khq.com.au: ASIC has initiated a consultation proposing additional relief regarding the reportable situations regime, aiming to reduce the reporting burden for minor breaches.

A Senate Committee has published its third interim report on improving Australia’s retirement system, recommending enhanced governance and competency requirements for superannuation trustee boards.

Treasury has finalized a Memorandum of Understanding with the Cook Islands to allow the portability of superannuation benefits between the two countries.