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Policy governance

We undertake evidence-based advocacy to influence public policy settings which ensure the best retirement outcomes for fund members.

Governance Framework

ASFA is guided by policy principles which underpin and support the development of consistent policy that is aligned with ASFA’s purpose: to help achieve the best retirement outcomes for fund members.

The work of the Board Policy Committee is supported and complemented by the following groups and processes:

  1. Policy Forums
  2. Specialist Advisory Committee(s)
  3. Issue specific Working Groups

All ASFA corporate members are encouraged to nominate representatives to participate in policy forums and working groups that are of interest. 

ASFA is guided by policy principles which underpin and support the development of consistent policy that is aligned with ASFA’s purpose: to help achieve the best retirement outcomes for fund members.

Only the ASFA secretariat and Board Policy Committee have the authority to adopt ASFA policy positions.

Policy Councils

ASFA’s Policy Councils, made up of representatives from all industry sectors, drive and develop policy projects.

Key elements with respect to the ASFA Policy Councils are that:

  • An ASFA (Board) Policy Committee member is a member of, and chairs, each Policy Council.
  • The Policy Councils generally meet quarterly and drive two or three strategic projects.
  • Permanent membership of a Policy Council is limited to ASFA members but in some cases it will be appropriate to invite an external stakeholder as a guest member or attendee to assist a Policy Council in relation to a specific area or discrete project.
ASFA is evidence-based and informs the debate to improve outcomes for fund members.
It is a strategic priority and ASFA actively considers the diverse and valid range of views across the ASFA membership.
ASFA considers and weighs up the impact of policy on equity, efficiency, simplicity, sustainability, adequacy, and fund members’ confidence in the system.
ASFA is likely to be perceived as constructive, apolitical, credible and balanced in advocating a position that also considers the broader social, economic and political environment.
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