Policy Sub-committees

Search:

Advanced Search

ASFA Policy Sub-Committees

Home

Policy and Research

Policy Sub-committees

Click on a quick link to access a specific sub-committee.
Best Practice E-Commerce Fund Operations	Investment Legal and Compliance Member Engagement and Advice	Regulatory Affairs Retirement Outcomes Tax Policy	Small Funds Working Group

Best Practice Policy Sub-Committee
Purpose	The Best Practice Sub-Committee is established by and reports to the Policy Committee. The Sub-Committee is a key forum for ASFA to provide support and guidance towards effective superannuation practice particularly in implementing legislation and compliance requirements. It supports ASFA goals of ‘informed and engaged members’ and a super industry which is ‘easy to do business with’. The purpose of the Sub-Committee is to : (a) suggest topics for ASFA Best Practice Papers and ASFA Best Practice Workshops; (b) assist in the development of ASFA Best Practice Papers by commenting on draft papers or by passing the draft to relevant experts within the committee members’ respective organisations for comment; (c) recommend to the Policy Committee ways to resolve conflicting or contentious issues of content or direction which may arise in the development of ASFA Best Practice Papers; (d) authorise the submission of the final draft of each Best Practice Paper to the Policy Committee for approval to publish.
Charter	Download: Best Practice Policy Sub-Committee Charter
Contact	Jon Echevarria
Members	Download: Best Practice Policy Sub-committee Member Listing

Electronic-Commerce Policy Sub-Committee
Purpose	The purpose of the E-Commerce Sub-Committee is to assist ASFA in guiding the superannuation industry towards being ‘easy to do business with’. It is through e-commerce that funds will be able to improve data and information flows between its customers (employers, members, regulators and other funds) creating efficiencies and cost savings for all parties. It will do this by: (a) Identifying opportunities for ASFA to promote the adoption of industry e-commerce standards; (b) Identifying opportunities to improve the electronic transfer of information between the industry and its regulators; (c) Assisting in the evaluation proposed e-commerce initiatives that may impact on the superannuation industry; (d) Assisting ASFA in the development of responses to requests-for-comment from regulators.
Charter	Download: Electronic-Commerce Policy Sub-Committee Charter
Contact	Robert Hodge
Members	Download: Electronic Commerce Policy Sub-committee Member Listing

Fund Operations Policy Sub-Committee
Purpose	The Sub-Committee is established by and reports to the Policy Committee. Its key focus is ‘easy to do business with’. The purpose of the Fund Operations Sub-Committee is to: (a) monitor, review and report on fund operations issues referred to it by the Policy Committee; (b) provide advice to the Policy Committee on amendments to SIS, other legislation and guidelines which impact on the operations of superannuation funds and their key service providers; (c) identify opportunities for improving efficiency and effectiveness of fund operations; (d) assist in the development of ASFA submissions and industry papers.
Charter	Download: Fund Operations Policy Sub-Committee Charter
Contact	Robert Hodge
Members	Download: Fund Operations Policy Sub-committee Member Listing

Investment Policy Sub-Committee
Purpose	The Sub-Committee is established by and reports to the Policy Committee. Its key focus is ‘better retirement outcomes’. The purpose of the Investment Sub-Committee is to: (a) monitor, review and report on investment issues referred to it by the Policy Committee (b) suggest topics for ASFA Investment Papers and ASFA Investment Workshops; (c) assist in the development of ASFA Investment Papers by commenting on draft papers or by passing the draft to relevant experts within the committee members’ respective organisations for comment; (d) provide advice to the Policy Committee on amendments to SIS, other legislation and guidelines which impact on investment issues of superannuation funds.
Charter	Download: Investment Policy Sub-Committee Charter
Contact	David Graus
Members	Download: Investment Policy Sub-committee Member Listing

Legal and Compliance Policy Sub-Committee
Purpose	The Legal and Compliance Sub-Committee is established by and reports to the Policy Committee. Its key focus is on ‘consistent, effective and efficient regulation‘ and ‘easy to do business with’. The Legal and Compliance Sub-Committee’s purpose is to address legal and compliance implications of laws and government initiatives for funds. It will: (a) monitor, review and report on legal and compliance issues referred to it by the Policy Committee; (b) provide advice to the Policy Committee on amendments to SIS, other legislation and guidelines which impact on the operations of superannuation funds and their key service providers; (c) identify opportunities for improving efficiency and effectiveness of superannuation funds compliance requirements and operations; (d) assist in the development of ASFA submissions and industry papers.
Charter	Download: Legal and Compliance Policy Sub-Committee Charter
Contact	Ross Clare
Members	Download: Legal and Compliance Policy Sub-committee Member Listing

Member Engagement and Advice Policy Sub-Committee
Purpose	The Sub-Committee is established by and reports to the Policy Committee. It will focus on policies and strategies to ‘empower members through available advice and more meaningful disclosure’ (ASFA Advocacy Initiative 3.3). This focus is likely to facilitate ASFA ‘s objectives of ‘better retirement outcomes’ and ‘consistent, efficient and effective legislation’. The purpose of the Member Engagement and Advice Policy Sub-Committee is to: (a) monitor, review and report on disclosure, advice and financial literacy issues referred to it by the Policy Committee (b) identify ways to improve super fund members’ confidence and capacity to understand and manage their superannuation; (c) assist in the development of ASFA issue papers and submissions; (d) advise the Policy Committee on amendments to Corporations Act, ASIC Policy, SIS, other legislation and guidelines which impact on disclosure, advice and financial literacy issues relevant to superannuation fund members.
Charter	Download: Member Engagement and Advice Policy Sub-Committee Charter
Contact	Tony Keir
Members	Download: Member Engagement and Advice Policy Sub-committee Member Listing

Regulatory Affairs Policy Sub-Committee
Purpose	The Regulatory Affairs Sub-Committee is established by and reports to the Policy Committee. Its key focus is on regulatory efficiency, one of ASFA ‘s principal policy planks. The Regulatory Affairs Sub-Committee’s purpose is to provide a regular forum to formulate strategies for discussion between ASFA and regulatory bodies in considering prospective and current legislation. It will: (a) facilitate discussion of regulatory issues of a broad and strategic scope; (b) provide advice to the Policy Committee on ASFA’s approach to proposed policy developments and implementation issues, including status of relations with regulators; (c) seek to identify and assist ASFA in advocating progress towards regulatory efficiency.
Charter	Download: Regulatory Affairs Policy Sub-Committee Charter
Contact	Khaldoun Hajaj
Members	Download: Regulatory Affairs Policy Sub-committee Member Listing

Retirement Outcomes Policy Sub-Committee
Purpose	The Retirement Outcomes PolicySub-Committee is established by and reports to the Policy Committee. Its key focus is ‘better retirement outcomes’. The purpose of the Sub-Committee is to: (a) monitor, review and report on retirement issues referred to it by the Policy Committee; (b) provide advice to the Policy Committee on amendments to SIS, other legislation and guidelines which impact on the provision of post retirement products. (c) monitor, review and report on relevant government policy developments; (d) assist in developing ASFA submissions and industry information papers.
Charter	Download: Retirement Outcomes Policy Sub-Committee Charter
Contact	Tony Keir
Members	Download: Retirement Outcomes Policy Sub-committee Member Listing

Small Funds Working Group
Purpose	The Small Funds Working Group is established by the Policy Committee and works to the Tax Policy committee. Generally working groups are temporary bodies to work on specific short term issues. Its key focus will be better regulation, better retirement outcomes and better engagement of members. The initial purpose of the Working Group is to: (a) Prepare draft content for an ASFA response to the ATO draft ruling: Australian Superannuation fund and, if necessary, develop proposals for legislative change to definition of Australian Superannuation Fund. (b) Prepare a paper, with a view to improving the integrity of the rules, on the exception to the prohibition against borrowing granted in respect of Instalment warrants by subsection 67(4A) of the SIS Act. (c) Provide draft content for an ASFA response to issues flowing from the Government’s review into self managed superannuation funds.
Charter	Download: Small Funds Working Group Charter
Contact	Tony Keir
Members	Download: Small Funds Working Group Member Listing

Tax Policy Sub-Committee
Purpose	The Sub-Committee is established by and reports to the Policy Committee. Its key focus area is ‘easy to do business with’. The purpose of the Tax Policy Sub-Committee is to: (a) Monitor/review the taxation arrangements that impact funds and their members to identify opportunities to address issues; (b) Assist in the development of ASFA responses to government discussion papers on and inquiries into taxation matters; (c) Assist in the development of ASFA responses to draft legislation.
Charter	Download: Tax Policy Sub-Committee Charter
Contact	Robert Hodge
Members	Download: Tax Policy Sub-committee Member Listing

The Association of Superannuation Funds of Australia Limited ABN 29 002 786 290

Disclaimer: This website is intended to keep readers informed of current developments in superannuation and is not intended to be used as a substitute for professional advice. The Association of Superannuation Funds of Australia Limited expressly disclaims all liability and responsibility to any person who relies, or partially relies, upon anything done or omitted to be done by this service.

The content on this site has been carefully compiled from sources believed to be reliable, but all content is provided on the basis that The Association of Superannuation Funds of Australia Limited does not warrant or guarantee and accepts no responsibility for the accuracy or completeness from time to time of any content on the site for any purpose.

Copyright 2010 The Association of Superannuation Funds of Australia Limited. All rights reserved. You may view and download material from this site for your personal, non-commercial use only but otherwise no part of the content of this site may be reproduced in any form without the written consent of The Association of Superannuation Funds of Australia Limited.