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Issue 581, 6 October 2015 

In this issue: 

 

Consultation on second round of changes to lost member and unclaimed money rules 

On Tuesday 29 September the Treasury released exposure draft legislation for consultation on the 2015/16 Budget measure to reduce red tape for superannuation funds and individuals by streamlining lost and unclaimed superannuation administrative arrangements. 

The measure: 

The changes are to apply from 30 June 2016. 

If you have any comments that you would like ASFA to consider including in a submission to the Treasury on the exposure draft, please forward them to David Graus by close of business Monday, 12 October 2015. 

 

Reminder: APRA consultation on prudential standards and guidance on governance reforms 

As advised in ASFA Action issue 578, APRA has released a consultation package on governance arrangements for registrable superannuation entity (RSE) licensees of APRA-regulated superannuation funds. The package proposes: 

APRA is seeking comments on the draft prudential standards and prudential practice guides by Friday, 23 October 2015. 

If you have any comments that you would like ASFA to raise with APRA on the prudential standards and the prudential practice guides, please send your feedback to Jon Echevarria by close of business Wednesday, 14 October 2015. 

 

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