treasury

Policy and Regulation

The government’s response to FSI decoded

It has taken the Treasury 10 months to make its response to the Financial System Inquiry. After all that time, the response is not as detailed or as forthcoming as some might have hoped. Investment Magazine reads between the lines to decode the Treasury’s 387 word statement on how it will respond to the FSI’s […]
Investment Strategy

Corporate super raises strongest objection to independents

The imposition of independent trustees could be the trigger for some corporate superannuation funds to close. Bruce McBain, chief executive of the Corporate Superannuation Association, has written to Treasury urging them not to impose a quota of independent trustees onto boards of his member funds. The association believes the extra costs of employing independents could […]
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 […]
Investment Strategy

Treasury needs to open up on portfolio disclosure

The Treasury still has much more detail to provide on portfolio disclosure requirements before it can be viewed as workable, according to Unisuper’s head of investment law and compliance. Luke Barrett, who is responding to the Better Regulation and Governance discussion paper from the Treasury, is working with the Law Council of Australia’s superannuation committee […]
Opinion

Chris Cuffe on the custodian council

The chair of UniSuper, Chris Cuffe, says Labor’s proposed custodian council should be an experienced, independent group with a long-term focus, the members of which should have no commercial interest in the superannuation industry. Cuffe commended the proposals recently announced by Bill Shorten, minister for superannuation and financial services, but said the concept could be enhanced, […]