Draft legislation, the purpose of which is to improve governance arrangements in superannuation, has been published for consultation: see here (pdf) and here (pdf). An explanatory guide is available here (pdf). Amongst the changes being proposed is the requirement for all superannuation funds regulated by the Australian Prudential Regulation Authority to have a minimum of one third independent directors on their trustee board, and an independent chair.
Showing posts with label australian prudential regulation authority. Show all posts
Showing posts with label australian prudential regulation authority. Show all posts
Wednesday, 1 July 2015
Australia: superannuation governance - draft legislation published for consultation
Draft legislation, the purpose of which is to improve governance arrangements in superannuation, has been published for consultation: see here (pdf) and here (pdf). An explanatory guide is available here (pdf). Amongst the changes being proposed is the requirement for all superannuation funds regulated by the Australian Prudential Regulation Authority to have a minimum of one third independent directors on their trustee board, and an independent chair.
Friday, 15 February 2013
Australia: ASIC consults on proposals to strengthen debenture regulation
The Australian Securities and Investments Commission and the Australian Prudential Regulation Authority have published for consultation proposals to strengthen the regulation of companies that issue debentures to retail investors, including mandatory capital and liquidity requirements: see here (pdf).
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