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Page 8 - Superannuation Industry News Today : Breaking News, Live Updates & Top Stories | Vimarsana

NALE changes hit Parliament

Buried in the Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023, introduced on 13 September, is guidance on changes to NALE provisions.   The governme

Document signing is moving with the times but caution still required

Trustees and advice professionals need to be aware of which documents can be signed electronically and which still need a wet signature despite recent amendments to legislation, said a leading advise

Superannuation: Watchdog sues AustralianSuper over 90,000 duplicate accounts

ASIC has taken the country’s biggest super fund to court for failing to merge duplicate accounts, which cost members about $69 million.

AustralianSuper Cost Members $69 Million for Not Merging Duplicate Accounts

AustralianSuper Cost Members $69 Million for Not Merging Duplicate Accounts
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ASIC sues AustralianSuper in first joint APRA/ASIC case

ASIC has sued the trustee of Australia’s largest super fund, AustralianSuper, alleging failures to address multiple member accounts affecting 90,000 members over a decade, its first case jointly with APRA.

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