22 June 2023 | Indigenous Super Summit
This year ASIC is assisting in facilitating the Indigenous Super Summit for 2023. Previously (between 2015 – 2019) a number of these were successfully hosted by the Australian Institute of Superannuation Trustees (AIST).
Indigenous Super Summits provide an opportunity for representatives from the superannuation industry and government bodies to build an understanding of and discuss opportunities for progress in addressing the unique and often complex challenges First Nations peoples can experience with access to and engagement with their superannuation.
The workshop will run on 22 June 2023 virtually from 12:30pm – 5:00pm AEST.
The program can be viewed here: Financial Services Industry Engagement | ASIC (scroll down)
To express your interest in attending the ASIC’s Financial Services Workshop and/or the Indigenous Super Summit please contact Indigenous.FS.Framework@asic.gov.au.
State Street says twin headwinds are having an impact
In GDP commentary by State Street, Dwyfor Evans, Head of APAC Macro Strategy at State Street Global Markets said:
“A slightly weaker quarterly GDP report at 0.2%qoq / 2.3%yoy, although Q422 was revised marginally higher. Quarterly growth came in at its weakest level since Q4 2018, reflecting the twin headwinds of rising inflation and higher interest rates and their combined impact on underlying demand.
“Weaker exports during the quarter was also a contributary factor – and speaks of a muted China re-opening impact on the Australian economy – and while the labour market remains robust, continued upside surprises on the cash rate (and related rates markets) and sticky inflation expectations will continue to weight over coming quarters.”
Australian innovation business tool launches in Europe
The Monash Business School has developed an innovative Australian business tool to redefine the way success is measured in mutual enterprises by putting a price on social good over dollar signs.
Recently launched in Europe, the Mutuals Value Measurement framework helps mutual enterprises define their total value, which after results of a two-year field study in Australia showed overwhelmingly positive results.
The framework helps co-ops and mutuals to measure their total value creation using six common criteria: commerciality, shaping markets, member relationships, community relationships, ecosystem and reciprocity, and mutual mindset.
Being trustworthy and acting in a genuine, trustworthy, authentic and ethical way to ‘doing the right thing’ are other desired behaviours measured using the framework.