ASIC issues regulatory materials including regulatory guides, information sheets, letters to trustees, consultation papers and FAQs, and may grant individual and legislative instrument (formerly class order) relief to guide and assist the industry to meet the regulatory requirements relevant to the superannuation industry.
MySuper product dashboard
In May 2014, following a review of existing MySuper product dashboards, ASIC issued further guidance to superannuation trustees about their obligation to produce a product dashboard for MySuper products.
16-130MR Further update on Stronger Super regime (May 2016). This media release includes details of the instruments extending implementation of the Choice Product Dashboard and Portfolio Holdings Disclosure. In addition it refers to ASIC further extending previous relief that allows registrable superannuation entities (RSE) licensees to provide a product dashboard with a periodic statement by including a website address for the latest product dashboard, rather than requiring a hard copy of the dashboard to be included with the periodic statement
- REP 455 Consumer testing of the Choice product dashboard – December 2015
- 15-378MR ASIC releases results of consumer testing for the Choice product dashboard and further detail about super estimators
- REP 378 Consumer testing of the MySuper product dashboard – December 2013
- MySuper product dashboard requirements
- MySuper product dashboard example
Choice product dashboard
Commencement of the obligation of trustees to make product dashboards for choice products publicly available has been deferred until 1 July 2017 - see ASIC Corporations (Amendment) Instrument 2016/351, which amends Class Order 14/443 Deferral of choice product dashboard and portfolio holdings disclosure regimes (CO 14/443).