This section gives guidance about ASIC's role in super, the Stronger Super reforms and compliance requirements for superannuation trustees.
ASIC's role in super
ASIC is principally responsible for the enforcement of the Corporations Act 2001 (Corporations Act) which regulates the conduct and disclosure obligations of financial services providers (including superannuation trustees that hold an Australian financial services (AFS) licence).
As the conduct and disclosure regulator, ASIC’s role primarily concerns the relationship between trustees and individual consumers. ASIC aims to look after consumers ensuring they receive proper disclosure, are dealt with fairly by qualified people, continue to receive useful information about their investment or product and can access proper complaints-handling procedures. Promoting confident and informed investors and financial consumers is one of ASIC's strategic priorities.
More about ASIC's role in super (including the role of co-regulators and the Superannuation Complaints Tribunal)
Stronger Super reforms
The purpose of the Government's Stronger Super reforms is to make the Australian superannuation system stronger and more efficient, and to help maximise retirement income for superannuants.
More about the Stronger Super reforms
Shorter PDS regime
The shorter PDS disclosure regime commenced fully on 22 June 2012 and ASIC has recently issued further guidance, and provided interim class order relief, to issuers of some products.
More about the shorter PDS regime
Super switching advice
This information sheet provides general information and compliance tips for financial advisers who provide super switching advice.
Read the information sheet