Arthur Sinodinos

Opinion

The independents debate: much ado about nothing

Is the debate around independent directors joining industry funds losing its sizzle? Back in November 2013, when the then assistant treasurer Arthur Sinodinos said he would tackle the issue, credence was given to the hysterical idea that the Coalition Government would seek to impose a majority of independent trustees onto industry funds. Since then the […]
Investment Strategy

Funds prepping for independent appointments

Superannuation funds are lining up possible candidates and calculating costs in the widely held expectation that the Federal Government will make it mandatory to fill one third of boards with independent directors. Andrew Fairley, Chairman of Equip, expects a change within six months and said the new ‘one third’ independent director structure would be a […]
Investment Strategy

Budget to unleash infrastructure sell-off

The Federal budget in May is to prioritise measures that will help states sell off brownfield infrastructure assets, the assistant treasurer Arthur Sinodinos has promised. Speaking at a Value Alliance gathering in Sydney, Sinodinos said state governments would be offered incentives to use money gained from asset sales for building new assets – spending that […]
Investment Strategy

Industry funds pre-empt Arthur Sinodinos

Industry funds are taking steps to appoint independent trustees ahead of any government decree forcing them to do so. In contrast to media reports that have depicted industry fund boards as fighting the Treasury proposal to have at least a third of their directors independent of employer or employee organisations, several funds are already changing […]
Opinion

How the Coalition can win on superannuation

The only certainty in the discussion on superannuation board standards is that all sides agree there are some poor performing trustee directors out there. If the Coalition can deal with this in a way that does not cause excessive cost or disruption it will look very smart, but it won’t be easy. As conservatives the […]
Opinion

The misguided idealism of Arthur Sinodinos

There are many reasons to applaud the discussion paper issued by Treasury on better governance and transparency in superannuation, but its ownership by someone without an in-depth knowledge of retirement planning is worrying. That Arthur Sinodinos, the minister for financial services and assistant treasurer, also has a background in banking and thus a clear bias […]
Governance

Government threat to funds downgraded

Reform of industry funds is low on the government’s agenda, according to Peter Collins, chair of Industry Super Australia, despite pre-election threats made by Mathias Cormann. Collins calmed the nerves of delegates at the Australian Institute of Superannuation Trustees’ governance symposium by speculating that the government had at least 50 more pressing issues to deal […]