SlideShare a Scribd company logo
1 of 1
Download to read offline
While all care has been taken to ensure the accuracy
of the information presented, QMV Super Solutions
is not responsible for any loss or damage suffered in
relying on the information presented.
QMV Super Solutions specialise in the delivery of world-class technology
and business solutions for the superannuation and wealth management
industries. With a fresh approach to solving complex process issues, our
tailored solutions are delivered by a bright young team who are experts
in their fields, and passionate about results.
qmvsupersolutions.com
QMV
APRA REPORTING
The Australian Prudential
Regulatory Authority (APRA) has
released an updated version of
the D2A validation rules for
superannuation, used to
validate the data submitted by
reporting entities. APRA has also
released updated Plain English
Taxonomy format forms for new
and revised reporting
standards, effective 1 July 2016.
Source: APRA
SMSF STATISTICAL REPORT
The Australian Taxation Office
(ATO) has released statistics on
the self-managed super fund
(SMSF) sector with the
publication of the annual Self-
Managed Superannuation
Funds: A Statistical Overview
2013-14 and the September
2015 edition of the quarterly
Self-Managed Superannuation
Funds Statistical Report.
Source: ATO
RETIREMENT STANDARD
The Association of
Superannuation Funds of
Australia (ASFA) released the
September quarter Retirement
Standard figures, indicating a
modest rise in the cost of living
for retirees. Couples aged 65
living a comfortable retirement
need $58,915 per year and
singles $42,962.
Source: ASFA
PRODUCT DASHBOARDS
APRA has released proposed
amendments to
superannuation product
dashboard reporting
requirements for consultation.
The proposed amendments are
to revise two reporting
standards:
 Reporting Standard SRS 700.0
(Product Dashboard) to allow
it to cover both MySuper and
choice product dashboards
and to reflect the proposed
amendments to the
dashboard requirements; and
 Reporting Standard SRS 702.1
(Investment Performance
Non-MySuper Investment
Options).
Source: APRA
REPORTING STANDARDS
APRA has released nine
superannuation reporting
standards, comprising two
packages; one which is being
released jointly with the
Australian Bureau of Statistics
(ABS) and the other which
consists of the final five
reporting standards which were
the subject of consultation in
April 2015. The new reporting
standards, and the changes to
SRS 330.0, take effect on 1 July
2016, and must be reported
quarterly by RSEs with total
assets equal to or greater than
$200 million
Source: APRA
CUSTODIAL SERVICES
The International Orgnanization
of Securities Commission
(IOSCO) has published its final
report on Standards for the
Custody of Collective
Investment Schemes’ Assets.
The report proposes 8
standards, which ASIC has
supported as being consistent
with Australia’s domestic
custody regime.
Source: IOSCO
CONSISTENCY CLASS ORDER
The Australian Securities and
Investments Commission (ASIC)
has issued a new class order
exempting RSEs until 1 February
2017 from having to comply
with subsection 29QC(1) of the
Superannuation Industry
(Supervision) Act. The 29QC law
requires consistency between
disclosure and regulatory
reporting.
Source: ASIC
GOVERNANCE
Industry Super Australia (ISA)
and the Australian Institute of
Superannuation Trustees (AIST)
have asked Bernie Fraser to
lead a Review of governance
arrangements in respect of not-
for-profit superannuation funds,
and to propose a best practice
Governance Code for such
funds.
Source: ISA
SuperBrief Independent & Concise
Issue #50 of 2015: Friday, 18th
December

More Related Content

Similar to QMV SuperBrief Issue #50 of 2015

Worried about non-compliance with changing banking and insurance regulatory r...
Worried about non-compliance with changing banking and insurance regulatory r...Worried about non-compliance with changing banking and insurance regulatory r...
Worried about non-compliance with changing banking and insurance regulatory r...Lapman Lee ✔
 
QMV SuperBrief Issue #18 of 2015
QMV SuperBrief Issue #18 of 2015QMV SuperBrief Issue #18 of 2015
QMV SuperBrief Issue #18 of 2015Jonathan Steffanoni
 
QMV SuperBrief Issue #13 of 2015
QMV SuperBrief Issue #13 of 2015QMV SuperBrief Issue #13 of 2015
QMV SuperBrief Issue #13 of 2015Jonathan Steffanoni
 
Isa (uk)-700 revised-june-2016 Forming an Opinion and Reporting on Financial ...
Isa (uk)-700 revised-june-2016 Forming an Opinion and Reporting on Financial ...Isa (uk)-700 revised-june-2016 Forming an Opinion and Reporting on Financial ...
Isa (uk)-700 revised-june-2016 Forming an Opinion and Reporting on Financial ...Sazzad Hossain, ITP, MBA, CSCA™
 
CBA_Equip_Magazine_Issue3
CBA_Equip_Magazine_Issue3CBA_Equip_Magazine_Issue3
CBA_Equip_Magazine_Issue3Joshua Williams
 
Not for profit_guidance
Not for profit_guidanceNot for profit_guidance
Not for profit_guidanceCPA Australia
 
QMV Legal & Regulatory Update - November 2018
QMV Legal & Regulatory Update - November 2018QMV Legal & Regulatory Update - November 2018
QMV Legal & Regulatory Update - November 2018Jonathan Steffanoni
 
CAW Newsletter Including ISO & Legislation Updates
CAW Newsletter Including ISO & Legislation Updates CAW Newsletter Including ISO & Legislation Updates
CAW Newsletter Including ISO & Legislation Updates Craig Willetts ISO Expert
 
Legal shorts 25.07.14 including AIFM partnership tax changes and FCA update o...
Legal shorts 25.07.14 including AIFM partnership tax changes and FCA update o...Legal shorts 25.07.14 including AIFM partnership tax changes and FCA update o...
Legal shorts 25.07.14 including AIFM partnership tax changes and FCA update o...Cummings
 
QMV SuperBrief Issue #12 of 2015
QMV SuperBrief Issue #12 of 2015QMV SuperBrief Issue #12 of 2015
QMV SuperBrief Issue #12 of 2015Jonathan Steffanoni
 
IntroSTEPS1) enter financial data on the Financial Statements She.docx
IntroSTEPS1) enter financial data on the Financial Statements She.docxIntroSTEPS1) enter financial data on the Financial Statements She.docx
IntroSTEPS1) enter financial data on the Financial Statements She.docxnormanibarber20063
 
QMV Regulatory Update - July 2018
QMV Regulatory Update - July 2018QMV Regulatory Update - July 2018
QMV Regulatory Update - July 2018Jonathan Steffanoni
 
Cw 4 q 2016 ir presentation final
Cw 4 q 2016 ir presentation finalCw 4 q 2016 ir presentation final
Cw 4 q 2016 ir presentation finalq4curtisswright
 

Similar to QMV SuperBrief Issue #50 of 2015 (20)

QMV SuperBrief 20150206
QMV SuperBrief 20150206QMV SuperBrief 20150206
QMV SuperBrief 20150206
 
QMV SuperBrief 20141226
QMV SuperBrief 20141226QMV SuperBrief 20141226
QMV SuperBrief 20141226
 
Worried about non-compliance with changing banking and insurance regulatory r...
Worried about non-compliance with changing banking and insurance regulatory r...Worried about non-compliance with changing banking and insurance regulatory r...
Worried about non-compliance with changing banking and insurance regulatory r...
 
QMV SuperBrief Issue #18 of 2015
QMV SuperBrief Issue #18 of 2015QMV SuperBrief Issue #18 of 2015
QMV SuperBrief Issue #18 of 2015
 
QMV SuperBrief Issue #13 of 2015
QMV SuperBrief Issue #13 of 2015QMV SuperBrief Issue #13 of 2015
QMV SuperBrief Issue #13 of 2015
 
Isa (uk)-700 revised-june-2016 Forming an Opinion and Reporting on Financial ...
Isa (uk)-700 revised-june-2016 Forming an Opinion and Reporting on Financial ...Isa (uk)-700 revised-june-2016 Forming an Opinion and Reporting on Financial ...
Isa (uk)-700 revised-june-2016 Forming an Opinion and Reporting on Financial ...
 
CBA_Equip_Magazine_Issue3
CBA_Equip_Magazine_Issue3CBA_Equip_Magazine_Issue3
CBA_Equip_Magazine_Issue3
 
Not for profit_guidance
Not for profit_guidanceNot for profit_guidance
Not for profit_guidance
 
FSC 2015-16 Federal Budget Submission
FSC 2015-16 Federal Budget SubmissionFSC 2015-16 Federal Budget Submission
FSC 2015-16 Federal Budget Submission
 
QMV Legal & Regulatory Update - November 2018
QMV Legal & Regulatory Update - November 2018QMV Legal & Regulatory Update - November 2018
QMV Legal & Regulatory Update - November 2018
 
010 acg10 001
010 acg10 001010 acg10 001
010 acg10 001
 
CAW Newsletter Including ISO & Legislation Updates
CAW Newsletter Including ISO & Legislation Updates CAW Newsletter Including ISO & Legislation Updates
CAW Newsletter Including ISO & Legislation Updates
 
Legal shorts 25.07.14 including AIFM partnership tax changes and FCA update o...
Legal shorts 25.07.14 including AIFM partnership tax changes and FCA update o...Legal shorts 25.07.14 including AIFM partnership tax changes and FCA update o...
Legal shorts 25.07.14 including AIFM partnership tax changes and FCA update o...
 
QMV SuperBrief Issue #12 of 2015
QMV SuperBrief Issue #12 of 2015QMV SuperBrief Issue #12 of 2015
QMV SuperBrief Issue #12 of 2015
 
ISA (uk)-805 revised
ISA (uk)-805 revisedISA (uk)-805 revised
ISA (uk)-805 revised
 
QMV SuperBrief 20141128
QMV SuperBrief 20141128QMV SuperBrief 20141128
QMV SuperBrief 20141128
 
IntroSTEPS1) enter financial data on the Financial Statements She.docx
IntroSTEPS1) enter financial data on the Financial Statements She.docxIntroSTEPS1) enter financial data on the Financial Statements She.docx
IntroSTEPS1) enter financial data on the Financial Statements She.docx
 
QMV Regulatory Update - July 2018
QMV Regulatory Update - July 2018QMV Regulatory Update - July 2018
QMV Regulatory Update - July 2018
 
Cw 4 q 2016 ir presentation final
Cw 4 q 2016 ir presentation finalCw 4 q 2016 ir presentation final
Cw 4 q 2016 ir presentation final
 
Ifrs9 04 14_16 (1)
Ifrs9 04 14_16 (1)Ifrs9 04 14_16 (1)
Ifrs9 04 14_16 (1)
 

More from Jonathan Steffanoni

QMV Legal & Regulatory Update - March 2019
QMV Legal & Regulatory Update - March 2019QMV Legal & Regulatory Update - March 2019
QMV Legal & Regulatory Update - March 2019Jonathan Steffanoni
 
QMV Legal & Regulatory Update - February 2019
QMV Legal & Regulatory Update - February 2019QMV Legal & Regulatory Update - February 2019
QMV Legal & Regulatory Update - February 2019Jonathan Steffanoni
 
QMV Regulatory Update - January 2019
QMV Regulatory Update - January 2019QMV Regulatory Update - January 2019
QMV Regulatory Update - January 2019Jonathan Steffanoni
 
QMV Pensions & Superannuation Regulatory Update - December 2018
QMV Pensions & Superannuation Regulatory Update - December 2018QMV Pensions & Superannuation Regulatory Update - December 2018
QMV Pensions & Superannuation Regulatory Update - December 2018Jonathan Steffanoni
 
QMV Pensions & Superannuation Regulatory Update - October 2018
QMV Pensions & Superannuation Regulatory Update - October 2018QMV Pensions & Superannuation Regulatory Update - October 2018
QMV Pensions & Superannuation Regulatory Update - October 2018Jonathan Steffanoni
 
QMV Pensions & Superannuation Regulatory Update - September 2018
QMV Pensions & Superannuation Regulatory Update - September 2018QMV Pensions & Superannuation Regulatory Update - September 2018
QMV Pensions & Superannuation Regulatory Update - September 2018Jonathan Steffanoni
 
QMV Regulatory Update - August 2018
QMV Regulatory Update - August 2018QMV Regulatory Update - August 2018
QMV Regulatory Update - August 2018Jonathan Steffanoni
 
QMV Regulatory Update - June 2018
QMV Regulatory Update - June 2018QMV Regulatory Update - June 2018
QMV Regulatory Update - June 2018Jonathan Steffanoni
 
QMV Regulatory Update - May 2018
QMV Regulatory Update - May 2018QMV Regulatory Update - May 2018
QMV Regulatory Update - May 2018Jonathan Steffanoni
 
QMV Commonwealth Budget Update - 2018-19
QMV Commonwealth Budget Update - 2018-19QMV Commonwealth Budget Update - 2018-19
QMV Commonwealth Budget Update - 2018-19Jonathan Steffanoni
 
QMV Regulatory Update - April 2018
QMV Regulatory Update - April 2018QMV Regulatory Update - April 2018
QMV Regulatory Update - April 2018Jonathan Steffanoni
 
QMV Regulatory Update - March 2018
QMV Regulatory Update - March 2018QMV Regulatory Update - March 2018
QMV Regulatory Update - March 2018Jonathan Steffanoni
 
QMV Regulatory Update - January 2018 (and late December 2017)
QMV Regulatory Update - January 2018 (and late December 2017)QMV Regulatory Update - January 2018 (and late December 2017)
QMV Regulatory Update - January 2018 (and late December 2017)Jonathan Steffanoni
 
QMV Regulatory Update - November 2017
QMV Regulatory Update - November 2017QMV Regulatory Update - November 2017
QMV Regulatory Update - November 2017Jonathan Steffanoni
 
QMV Regulatory Update - October 2017
QMV Regulatory Update - October 2017QMV Regulatory Update - October 2017
QMV Regulatory Update - October 2017Jonathan Steffanoni
 
QMV Superannuation Regulatory Update September 2017
QMV Superannuation Regulatory Update September 2017QMV Superannuation Regulatory Update September 2017
QMV Superannuation Regulatory Update September 2017Jonathan Steffanoni
 
QMV Regulatory Update August 2017
QMV Regulatory Update August 2017QMV Regulatory Update August 2017
QMV Regulatory Update August 2017Jonathan Steffanoni
 
APRA Letter to RSE Licensees on Operational Governance
APRA Letter to RSE Licensees on Operational GovernanceAPRA Letter to RSE Licensees on Operational Governance
APRA Letter to RSE Licensees on Operational GovernanceJonathan Steffanoni
 
Think again: behavioural finance and retirement incomes
Think again: behavioural finance and retirement incomesThink again: behavioural finance and retirement incomes
Think again: behavioural finance and retirement incomesJonathan Steffanoni
 

More from Jonathan Steffanoni (20)

QMV Legal & Regulatory Update - March 2019
QMV Legal & Regulatory Update - March 2019QMV Legal & Regulatory Update - March 2019
QMV Legal & Regulatory Update - March 2019
 
QMV Legal & Regulatory Update - February 2019
QMV Legal & Regulatory Update - February 2019QMV Legal & Regulatory Update - February 2019
QMV Legal & Regulatory Update - February 2019
 
QMV Regulatory Update - January 2019
QMV Regulatory Update - January 2019QMV Regulatory Update - January 2019
QMV Regulatory Update - January 2019
 
QMV Pensions & Superannuation Regulatory Update - December 2018
QMV Pensions & Superannuation Regulatory Update - December 2018QMV Pensions & Superannuation Regulatory Update - December 2018
QMV Pensions & Superannuation Regulatory Update - December 2018
 
QMV Pensions & Superannuation Regulatory Update - October 2018
QMV Pensions & Superannuation Regulatory Update - October 2018QMV Pensions & Superannuation Regulatory Update - October 2018
QMV Pensions & Superannuation Regulatory Update - October 2018
 
QMV Pensions & Superannuation Regulatory Update - September 2018
QMV Pensions & Superannuation Regulatory Update - September 2018QMV Pensions & Superannuation Regulatory Update - September 2018
QMV Pensions & Superannuation Regulatory Update - September 2018
 
QMV Regulatory Update - August 2018
QMV Regulatory Update - August 2018QMV Regulatory Update - August 2018
QMV Regulatory Update - August 2018
 
QMV Regulatory Update - June 2018
QMV Regulatory Update - June 2018QMV Regulatory Update - June 2018
QMV Regulatory Update - June 2018
 
QMV Regulatory Update - May 2018
QMV Regulatory Update - May 2018QMV Regulatory Update - May 2018
QMV Regulatory Update - May 2018
 
QMV Commonwealth Budget Update - 2018-19
QMV Commonwealth Budget Update - 2018-19QMV Commonwealth Budget Update - 2018-19
QMV Commonwealth Budget Update - 2018-19
 
QMV Regulatory Update - April 2018
QMV Regulatory Update - April 2018QMV Regulatory Update - April 2018
QMV Regulatory Update - April 2018
 
QMV Regulatory Update - March 2018
QMV Regulatory Update - March 2018QMV Regulatory Update - March 2018
QMV Regulatory Update - March 2018
 
QMV Regulatory Update - January 2018 (and late December 2017)
QMV Regulatory Update - January 2018 (and late December 2017)QMV Regulatory Update - January 2018 (and late December 2017)
QMV Regulatory Update - January 2018 (and late December 2017)
 
QMV Regulatory Update - November 2017
QMV Regulatory Update - November 2017QMV Regulatory Update - November 2017
QMV Regulatory Update - November 2017
 
QMV Regulatory Update - October 2017
QMV Regulatory Update - October 2017QMV Regulatory Update - October 2017
QMV Regulatory Update - October 2017
 
QMV Superannuation Regulatory Update September 2017
QMV Superannuation Regulatory Update September 2017QMV Superannuation Regulatory Update September 2017
QMV Superannuation Regulatory Update September 2017
 
QMV Regulatory Update August 2017
QMV Regulatory Update August 2017QMV Regulatory Update August 2017
QMV Regulatory Update August 2017
 
APRA Letter to RSE Licensees on Operational Governance
APRA Letter to RSE Licensees on Operational GovernanceAPRA Letter to RSE Licensees on Operational Governance
APRA Letter to RSE Licensees on Operational Governance
 
APRA Letter IAMOIS Bill
APRA Letter IAMOIS BillAPRA Letter IAMOIS Bill
APRA Letter IAMOIS Bill
 
Think again: behavioural finance and retirement incomes
Think again: behavioural finance and retirement incomesThink again: behavioural finance and retirement incomes
Think again: behavioural finance and retirement incomes
 

Recently uploaded

Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxBuy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxPrecize Formely Leadoff
 
Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024Guillaume Ⓥ Sarlat
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI360factors
 
20240315 _E-Invoicing Digiteal. .pptx
20240315 _E-Invoicing Digiteal.    .pptx20240315 _E-Invoicing Digiteal.    .pptx
20240315 _E-Invoicing Digiteal. .pptxFinTech Belgium
 
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfStock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfMichael Silva
 
Stock Market Brief Deck for March 19 2024.pdf
Stock Market Brief Deck for March 19 2024.pdfStock Market Brief Deck for March 19 2024.pdf
Stock Market Brief Deck for March 19 2024.pdfMichael Silva
 
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdfAdnet Communications
 
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptxSlideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptxOffice for National Statistics
 
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...mwangimwangi222
 
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfLundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfAdnet Communications
 
Stock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdfStock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdfMichael Silva
 
2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation2024.03 Strategic Resources Presentation
2024.03 Strategic Resources PresentationAdnet Communications
 
Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707harshan90
 
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023SkillCircle
 
Hungarys economy made by Robert Miklos
Hungarys economy   made by Robert MiklosHungarys economy   made by Robert Miklos
Hungarys economy made by Robert Miklosbeduinpower135
 
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoCoinGecko
 
Work and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingWork and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingHenry Tapper
 

Recently uploaded (20)

Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxBuy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptx
 
Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI
 
20240315 _E-Invoicing Digiteal. .pptx
20240315 _E-Invoicing Digiteal.    .pptx20240315 _E-Invoicing Digiteal.    .pptx
20240315 _E-Invoicing Digiteal. .pptx
 
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfStock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdf
 
Stock Market Brief Deck for March 19 2024.pdf
Stock Market Brief Deck for March 19 2024.pdfStock Market Brief Deck for March 19 2024.pdf
Stock Market Brief Deck for March 19 2024.pdf
 
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
 
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptxSlideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
 
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
 
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfLundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
 
Stock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdfStock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdf
 
2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation
 
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
 
Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707
 
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023
 
Hungarys economy made by Robert Miklos
Hungarys economy   made by Robert MiklosHungarys economy   made by Robert Miklos
Hungarys economy made by Robert Miklos
 
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
 
Work and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingWork and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB funding
 
Monthly Economic Monitoring of Ukraine No.230, March 2024
Monthly Economic Monitoring of Ukraine No.230, March 2024Monthly Economic Monitoring of Ukraine No.230, March 2024
Monthly Economic Monitoring of Ukraine No.230, March 2024
 
Effects & Policies Of Bank Consolidation
Effects & Policies Of Bank ConsolidationEffects & Policies Of Bank Consolidation
Effects & Policies Of Bank Consolidation
 

QMV SuperBrief Issue #50 of 2015

  • 1. While all care has been taken to ensure the accuracy of the information presented, QMV Super Solutions is not responsible for any loss or damage suffered in relying on the information presented. QMV Super Solutions specialise in the delivery of world-class technology and business solutions for the superannuation and wealth management industries. With a fresh approach to solving complex process issues, our tailored solutions are delivered by a bright young team who are experts in their fields, and passionate about results. qmvsupersolutions.com QMV APRA REPORTING The Australian Prudential Regulatory Authority (APRA) has released an updated version of the D2A validation rules for superannuation, used to validate the data submitted by reporting entities. APRA has also released updated Plain English Taxonomy format forms for new and revised reporting standards, effective 1 July 2016. Source: APRA SMSF STATISTICAL REPORT The Australian Taxation Office (ATO) has released statistics on the self-managed super fund (SMSF) sector with the publication of the annual Self- Managed Superannuation Funds: A Statistical Overview 2013-14 and the September 2015 edition of the quarterly Self-Managed Superannuation Funds Statistical Report. Source: ATO RETIREMENT STANDARD The Association of Superannuation Funds of Australia (ASFA) released the September quarter Retirement Standard figures, indicating a modest rise in the cost of living for retirees. Couples aged 65 living a comfortable retirement need $58,915 per year and singles $42,962. Source: ASFA PRODUCT DASHBOARDS APRA has released proposed amendments to superannuation product dashboard reporting requirements for consultation. The proposed amendments are to revise two reporting standards:  Reporting Standard SRS 700.0 (Product Dashboard) to allow it to cover both MySuper and choice product dashboards and to reflect the proposed amendments to the dashboard requirements; and  Reporting Standard SRS 702.1 (Investment Performance Non-MySuper Investment Options). Source: APRA REPORTING STANDARDS APRA has released nine superannuation reporting standards, comprising two packages; one which is being released jointly with the Australian Bureau of Statistics (ABS) and the other which consists of the final five reporting standards which were the subject of consultation in April 2015. The new reporting standards, and the changes to SRS 330.0, take effect on 1 July 2016, and must be reported quarterly by RSEs with total assets equal to or greater than $200 million Source: APRA CUSTODIAL SERVICES The International Orgnanization of Securities Commission (IOSCO) has published its final report on Standards for the Custody of Collective Investment Schemes’ Assets. The report proposes 8 standards, which ASIC has supported as being consistent with Australia’s domestic custody regime. Source: IOSCO CONSISTENCY CLASS ORDER The Australian Securities and Investments Commission (ASIC) has issued a new class order exempting RSEs until 1 February 2017 from having to comply with subsection 29QC(1) of the Superannuation Industry (Supervision) Act. The 29QC law requires consistency between disclosure and regulatory reporting. Source: ASIC GOVERNANCE Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST) have asked Bernie Fraser to lead a Review of governance arrangements in respect of not- for-profit superannuation funds, and to propose a best practice Governance Code for such funds. Source: ISA SuperBrief Independent & Concise Issue #50 of 2015: Friday, 18th December