The Superannuation Industry (Supervision) Act 1993 will not apply to the new trusts. APRA has prepared an application process and a draft prudential standard for super funds wanting to operate FHSAs.
01/07/2008
vamos, “in, infrastructure, ”, provider, policy, offering, accounts, contracts, prudential, fhsas, “it
Investments
AustralianSuper's chief liquidity officer Chandu Bhindi has publicly proposed the idea of allowing some super funds to directly use leverage, enabling them to better manage liquidity requirements in crisis situations rather than being forced to sell assets at stressed prices. While the idea has some merits, overall it is not necessary and could increase system risk.
Leave a Comment
You must be logged in to post a comment.