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This submission to the Australian Prudential Regulation Authority (APRA) is in response to the draft prudential standards for superannuation and APRA’s “Response to Submissions”, which were released on 27 April 2012.
In the submission, we focus on particular issues in the foll...
The Australian Institute of Company Directors welcomed draft Federal Government legislation making the governance of superannuation funds more transparent, but said more reform was needed.
These reforms should include giving industry superannuation funds the ability to replace employer and union...