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Despite regulators and government pushing super funds to merge in the best interests of fund members, new research has revealed that the majority of members themselves are ambivalent about the prospect of a merger.
The prudential regulator is unlikely to make any findings on the political appropriateness of advertising from super funds but may recommend a follow-up inquiry.
Updated guidance on the sole purpose test has been superseded by the Your Future, Your Super legislation, but the Australian Prudential Regulation Authority may still update it later.
Jane Hume wins costs from The New Daily
Jun 2, 2021 â 10.15am
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The prudential regulator has opened a new probe into AustralianSuperâs move to hand over the customer data of its 2 million members to
The New Daily website, which this week paid damages to settle a complaint from Superannuation Minister Jane Hume.
A note on
The New Daily website published this week apologised to Senator Hume for an article written by commentator Michael Pascoe in April âregarding Australiaâs lack of a beneficial ownership register, which contained criticism of aspects of Commonwealth government policyâ.
Senator Jane Hume was paid damages by the industry superannuation-owned website The New Daily. Â