Media Release

Superannuation Portfolio Holdings Disclosure Regulations strike the right balance

Published 11 November, 2021

Published 11 November, 2021

11 November 2021

Superannuation Portfolio Holdings Disclosure Regulations strike the right balance.

The Association of Superannuation Funds of Australia (ASFA) considers the Superannuation Portfolio Holdings Disclosure regulations made today will achieve greater transparency for consumers whilst recognising the potential effect on investment outcomes.

“ASFA supports the objective of increased transparency of superannuation for consumers, however, we have long advocated that it was important that this be done in the best interests of fund members,” said ASFA CEO, Dr Martin Fahy.

“The regulations released today enhance transparency to consumers while recognising the importance of investment considerations around disclosure, to ensure that Australian super funds continue to be able to deliver great investment returns for their members.”

Significantly, the regulations provide for the disclosure of unlisted assets and some disclosure of derivatives to be aggregated for each type of asset.

“ASFA has advocated that the holding valuation of unlisted assets should be disclosed as a range or bundled with similar assets, and we are pleased to see the Government has recognised this. This will help ensure that Australian super funds can continue to compete on an even footing in global institutional investment markets,” concluded Dr Fahy.

For further information, please contact:
Jacqui Maddock, 0451 949 300.

About ASFA
ASFA is the peak policy, research and advocacy body for Australia’s superannuation industry. It is a not-for-profit, sector-neutral, and non-party political, national organisation. ASFA’s mission is to continuously improve the superannuation system, so all Australians can enjoy a comfortable and dignified retirement.

Acknowledgement of Country

We want to respectfully acknowledge the Traditional Owners and Custodians of these lands, seas, and waters throughout Australia. We pay our respects to Elders both past and present. We acknowledge the history, the resilience and the continual contributions of Aboriginal and Torres Strait Islander peoples of their Country.

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Daniel Mulino MP

Assistant Treasurer and Minister for Financial Services

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Born in Brindisi, Italy, Daniel was a young child when he moved with his family to Australia. He grew up in Canberra and completed his first degrees – arts and law – at the ANU. He then completed a Master of Economics (University of Sydney) and a PhD in economics from Yale.

He lectured at Monash University, was an economic adviser in the Gillard government and was a Victorian MP from 2014 to 2018. As Parliamentary Secretary to the Treasurer of Victoria, Daniel helped deliver major infrastructure projects and developed innovative financing structures for community projects.

In 2018 he was preselected for the new federal seat of Fraser and became its first MP at the 2019 election, re-elected in 2022 and 2025. From 2022 to 2025, Daniel was chair of the House of Representatives’ Standing Economics Committee in which he chaired inquiries; economic dynamism, competition and business formation and insurers’ responses to 2022 major floods claims.

In 2025, he became the Assistant Treasurer and Minister for Financial Services.

In August 2022, Daniel published ‘Safety Net: The Future of Welfare in Australia’, which aims to explore the ways in which an insurance approach can improve the effectiveness of government service delivery.