Sat, 7th Sep 2024 episode artwork

EPISODE · Sep 6, 2024

Sat, 7th Sep 2024

from Superannuation News Wrap · host Paige Estritori

This week's Superannuation News Wrap discusses governance issues within Australia's superannuation sector with APRA's scrutiny on United Super and BUSS (Queensland) over alleged corruption and biker gang affiliations. The podcast also addresses AMP Limited's response to superannuation performance tests, raising concerns over their methodology and yielding calls for revised methods. Heightened examination on super funds expenditures also continues due to parliamentary pressure over financial connections with trade unions. A proposed draft ruling by the Australian Taxation Office might compel superannuation payments for entertainment and domestic service subcontractors, potentially leading to increased business costs. The podcast ends with the observation that the top five superannuation funds in Australia have increased their market control from 40% in 2020 to 47% in 2024 due to recent sector mergers and exits, while smaller funds have seen their share decrease.

Episode metadata supplied by the publisher feed · Published Sep 6, 2024

This week's Superannuation News Wrap discusses governance issues within Australia's superannuation sector with APRA's scrutiny on United Super and BUSS (Queensland) over alleged corruption and biker gang affiliations. The podcast also addresses AMP Limited's response to superannuation performance tests, raising concerns over their methodology and yielding calls for revised methods. Heightened examination on super funds expenditures also continues due to parliamentary pressure over financial connections with trade unions. A proposed draft ruling by the Australian Taxation Office might compel superannuation payments for entertainment and domestic service subcontractors, potentially leading to increased business costs. The podcast ends with the observation that the top five superannuation funds in Australia have increased their market control from 40% in 2020 to 47% in 2024 due to recent sector mergers and exits, while smaller funds have seen their share decrease.

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This episode was published on September 6, 2024.

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This week's Superannuation News Wrap discusses governance issues within Australia's superannuation sector with APRA's scrutiny on United Super and BUSS (Queensland) over alleged corruption and biker gang affiliations. The podcast also addresses AMP...

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