The Super Brief | July 2025

In Brief.

A smorgasbord of regulator reports and updates. ASIC has identified core themes from its review into Private and Public Markets, while assisting APRA with a review of Life Insurance Premiums practices. APRA also provided trustees with best practice considerations for expenditure management, reminded them of the need to enhance I.T. security controls, and expounded on effective risk management, releasing new reporting templates for the commencement of CPS 230. The ATO has commenced consultation on a vulnerability framework and issued guidance regarding commuted legacy products. The Full Federal Court considered but declined to rule on the capacity of authorised representatives to act on their own behalf in issuing or dealing with financial products. Quarterly sector statistics have, for the first time, encompassed retirement product performance.            

Jack Allen
Lawyer