Media Release

Draft product dashboard and portfolio holdings legislation good for consumers: ASFA

10 December 2015

Draft product dashboard and portfolio holdings legislation good for consumers: ASFA

The Association of Superannuation Funds of Australia (ASFA) has welcomed the draft legislation released by the Government today on improving superannuation transparency through the implementation of the portfolio holdings and product dashboard regimes.

“The reforms proposed today by the Assistant Treasurer will assist consumers while limiting the costs of implementation, which are ultimately paid for by fund members,” said Pauline Vamos, CEO, ASFA.

The addition of more targeted look through provisions to the portfolio holdings disclosure regime will achieve a better balance between transparency and compliance costs, according to ASFA.

The proposed legislation ensures that trustees will not be required to disclose commercially sensitive information, which recognises the need to ensure diversity of classes of assets in investment portfolios.

ASFA has described the choice product dashboard as an important initiative to enable greater comparability of the top ten investment options of the fund.

“The announcement creates greater certainty for the industry, but it is also important that the timeline for implementation is a minimum of 12 months to limit costs and implementation risks.

“We look forward to working with the Government on the details of the entire package announced today,” concluded Ms Vamos.

Daniel Mulino MP

Assistant Treasurer and Minister for Financial Services

Sessions

Keynote 8 – Navigating the energy transition: opportunities, investor strategies and policy needs

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.