Welcome to Issue 53 of the FSC Policy Update. Parliament sat for two weeks in June and passed three separate pieces of superannuation legislation, including the ‘Your Future, Your Super’, ‘More Flexible Super’ and ‘SMSF’ Bills. Their passage represents a win for the Government, given the hard-fought nature of the reforms, and will result in significant reform to the superannuation, funds management and life insurance sectors.
Welcome to Issue 50 of the FSC Policy Update. In 2021, this member briefing on the main legislative and regulatory changes across the financial services industry will be issued monthly. Parliament has entered an extended break before the release of the Federal Budget, which will be handed down on Tuesday 11 May.