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ASFA in Focus March 2022

Government and regulator interaction | Research and submissions | Media | Events and Learning

Government and regulator interaction

The ASFA Secretariat and members of the ASFA Tax Specialist Advisory Committee recently met with the ATO in relation to proposed guidance that will impact the tax governance controls superannuation funds are expected to have in place over data obtained from third parties that is used for tax purposes. ASFA, along with representatives from the Australian Custodial Services Association and the Financial Services Council, walked the ATO through feedback we provided jointly on the ATO’s draft guidance note, as the final step in a long-running consultation process.


Research and submissions

ASFA did not make any submissions during the month of February.


Media

ASFA in the media

ASFA’s deputy CEO Glen McCrea was interviewed in a feature article for ABC News in response to the recent investment market volatility as it affects superannuation funds.

ASFA was quoted on the amount needed for a comfortable retirement on news.com.au , in the Herald Sun, Adelaide Now and NT News.

The rise in the cost of living over the last quarter has been captured in the latest ASFA Retirement Standard numbers, and these updated figures were quoted in the Brisbane Times and Financial Newswire.

ASFA’s proposed Superannuation Baby Bonus was mentioned in the NT News,
Nestegg
, Financial Standard and the AFR.

ASFA’s call for Superannuation Guarantee (SG) payment to be covered by the Fair Entitlements Guarantee (FEG) was mentioned in Super Review.

ASFA’s proposal for compulsory SG to commence to be phased in for gig economy workers was featured in Financial Newswire.

ASFA’s call for Superannuation Guarantee (SG) payment to be covered by the Fair Entitlements Guarantee (FEG) was mentioned in Super Review.

ASFA’s proposal for compulsory SG to begin to be phased in for gig economy workers was featured in Financial Newswire.

The announcement of ASFA’s new Chair was featured in Nestegg, Financial Standard, Financial Newswire and Independent Financial Adviser.


Events and Learning

The ASFA Events and Learning team have several sessions lined up over the next few weeks to make sure you are across the key issues affecting superannuation at this time.

Join us for the Budget Briefings starting in Sydney in March or learn more about the new requirements under RG 271 with the Member Focused Complaints Handling program.

We will also be delivering the following learning workshops in March:


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