Hope everyone had another nice long weekend - pity there aren't any more for a while now!
The election is all the news this week - don't forget to vote this Saturday.
And no matter what the result of the election we will see a new Minister for Financial Services. With Stephen Jones stepping down, someone else will be leading the charge. This new leader be on the hook for financial advice reforms, the Compensation Scheme of Last Resort and possibly a "super for housing" policy. Their influence will shape the industry's future. Want to know who the contenders are? Read all about it here.
Plus all the latest news and events below.
Cheers
Sarah
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Preventing payment of victims’ death benefits to domestic/family violence perpetrators
The Government has announced that, if re-elected, it would “Look at how we can stop perpetrators of domestic and family violence from receiving their victim’s superannuation after death”.The announcement follows the December 2024 report from the Parliamentary Joint Committee on Corporations & Financial Services, from its inquiry into the financial services regulatory framework in relation to financial abuse, that recommended consideration of this issue.
The Australian Accounting Standards Board (AASB) has launched the AASB S2 Knowledge Hub, providing guidance to assist entities in complying with the mandatory reporting standard, AASB S2 Climate-related disclosures. The reporting requirements are being phased in from 1 January 2025, with registrable superannuation entities required to prepare sustainability reports for annual reporting periods commencing from 1 July 2026 or 2027 depending on their size.
UPCOMING EVENTS
ASFA National Legislation Discussion Group: Monday, 12 May at 1-2pm via Zoom. Topic is "APRA’s proposed changes to CPS 510 Governance” with guest speaker Silvana Wood, Partner at Gilbert + Tobin. Register here.
CREW Webinar - Wednesday, 14 May from 1-2pm via Zoom. Topic is "Preparing for ‘Sustainability Reporting’ for the upcoming Climate Related Financial Disclosures" with guest speaker Rebecca Gunn from AIA. Register here. If you're not yet a CREW member, sign up - women only, sorry blokes.
Future Fund Admin 2025 Conference:15-16 May 2025, Sydney Central Hotel. I'll be hosting two panel discussions, one on the role of the CTO and one on member experience. Should be fun :) Register here.
PDS Manager Roundtable - our next roundtable webinar will be held on Wednesday, 21 May from 12:30-2pm with special guest speakers Lisa-Marie McKechnie and Kathy Neilson from Piper Alderman. Please contact Katie if you wish to join.
ASFASpotlight on Fund Operations: Thursday 22 May 2025, 12.00pm - 5.00pm. Melbourne. Register here.
ASFA Spotlight on Retirement: Tuesday 17 June 2025, 9.00am - 5.00pm. Melbourne. Register here.
Money Management 37th Annual Fund Manager of the Year Awards: Thursday, 26 June 2025 at the Shangri-La, Sydney. Register here.I am a judge once again this year!
Annual Future Risks 2025: Superannuation Risks and Governance Conference, 9-10 July, Sydney. Register here.I will be hosting a panel discussion on Governance Excellence in Practice.
MONEY MANAGEMENT FUND MANAGER OF THE YEAR AWARDS
I am delighted to be invited back to judge the Money Management 37th Annual Fund Manager of the Year Awards this year.
Mark your calendars - finalists will be revealed on 5 May and the big night is set for 26 June at the Shangri-La Hotel in Sydney. It's a black-tie affair, so get those high heels ready... Details here.
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In the spirit of reconciliation Mayflower Consulting acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past, present and future and extend that respect to all Aboriginal and Torres Strait Islander peoples today. Always was, always will be Aboriginal land.
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