Introducing a NEW one-hour virtual workshop to unpack the upcoming changes to the SIS ACT, in relation to trustee indemnity, which have the potential for serious financial ramifications for trustees.
Why you need to be across the impending changes
The upcoming changes will mean that superannuation trustees and trustee directors will be held financially liable for a wider range of penalties incurred by the fund, and unable to use trust assets to pay a criminal, civil or administrative penalty for breach of trust.
Facilitated by Maree Pallisco, Partner - National Superannuation Leader, Financial Services at Ernst & Young, Lisa-Marie McKechnie, Partner, Financial Services Law at Ernst & Young, and Kathy Neilson, Senior Manager, Financial Services Law at Ernst & Young, this special one-hour virtual workshop will explore the impact of the reforms, and identify practical steps trustees must consider to prepare and respond.
Maree has over 22 years’ experience with EY and over 28 years’ experience in the superannuation industry. She is a Partner in EY’s Financial Services Office and EY’s National Superannuation Leader.
Maree has extensive experience working alongside clients developing risk management frameworks, conducting compliance framework reviews, assisting funds build strategic plans and leading numerous internal and external audits nationally.
Partner - Financial Services Law, Ernst & Young
Lisa-Marie McKechnie is a Partner in EY’s Financial Services team in Sydney who specialises in superannuation and life insurance, prudential regulation and privacy and data protection.
Lisa-Marie advises trustees on all aspects of fund operation including life policies and indemnity insurance, investment and asset management, privacy and data protection, mergers and outsourcing arrangements, administration and custodial agreements, AFS licence and RSE licence obligations, advice, management and process for death benefit distribution.
Lisa-Marie is passionate about industry education and regularly presents for the Association of Superannuation Funds of Australia (ASFA) as well as the Australian Institute of Superannuation Trustees (AIST). She is also a Director on the Board of the Financial Services Accountant’s Association (FSAA), and the NSW Chair of the Australasian Life Underwriting and Claims Association (ALUCA)
Senior Manager, Financial Services Law, Ernst & Young
Kathy Neilson is a Senior Manager in EY’s Financial Services team in Sydney who specialises in superannuation and life insurance, prudential regulation, regulatory change, corporate governance and risk and compliance.
Kathy was the Project Leader for the review and redrafting of the RG 97 fees and costs disclosure regime at the Australian Securities and Investments Commission (ASIC). She was directly involved in redrafting the regulatory guide and the legislative requirements, as well as consulting with industry to understand their concerns in relation to fees and costs disclosure.
Key topics to be discussed include:
- The upcoming changes to the SIS Act regarding trustee indemnity
- What the changes mean for superannuation trustees
- Practical ways to respond to the changes
Who should attend?
- governance, compliance and risk professionals
- those who support the board/trustee function
How you’ll learn
One-hour online virtual workshop.
ASFA’s virtual workshops are a live and interactive learning experience. Participants can engage with industry-leading presenters who are experts in their field, together with their peers, just like they would at an ASFA face to face workshop. It is a unique opportunity to workshop ideas and concepts in a collaborative online environment facilitated by experts.
Virtual workshops are limited to 30 participants to allow for discussion, and to ensure that participants have ample opportunity to ask presenters questions.
What you’ll gain
Certificate of Attendance.