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Home >> Submissions >> GRCI Submission: Superannuation Legislation Amendment (Further Measures) Bill 2012

GRCI Submission: Superannuation Legislation Amendment (Further Measures) Bill 2012

 
Monday 29 October 2012

GRCI would like to thank Treasury for providing an opportunity for GRCI to make comment on the exposure draft of the Superannuation Legislation Amendment (Further Measures) Bill 2012. GRCI made the submission on October 26th 2012.

The Superannuation Legislation Amendment (Further Measures) Bill 2012 outlines planned amendments relating to the use of specific service providers; infringement notices; trustees providing reasons for their decisions; an increase in the time limit for members to lodge complaints with the Superannuation Complaints Tribunal; restricting voting prohibitions; resource and risk requirements for dual-regulated entities; seeking leave from the Court before bringing action against an individual director for a breach of their duties; extending the defence of having acted with reasonable precaution to cover breaches of MySuper obligations; and consequential amendments.

Please find a copy of the GRCI submission here.

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