From www.khq.com.au: APRA proposed significant changes to governance standards for banks, insurers, and superannuation trustees, including a lifetime default tenure limit for non-executive directors and the need for independent performance assessments every three years.

Additionally, new family law regulations regarding superannuation valuations were registered, and ASIC released its latest enforcement report highlighting priorities such as misconduct involving superannuation savings and addressing greenwashing.

Further, an amendment to the Social Security determination was implemented to use updated Australian Life Tables for calculating the value of lifetime income streams from January 2025.