EPISODE · Jul 2, 2025
Thu, 3rd Jul 2025
from Superannuation News Wrap · host Paige Estritori
In this episode of Superannuation News Wrap hosted by Paige Estritori, two key issues are discussed. The first is a landmark reform in Australia to reduce gender superannuation gap by making superannuation payable on Commonwealth Paid Parental Leave, a measure that could reduce the gap by 25%. This change may benefit over 200,000 Australian mothers annually, although regional disparities persist. The second topic focuses on the Australian Financial Complaints Authority clarifying the classification of self-managed super funds as retail or wholesale investors. This classification is dependent on the fund's asset value. Despite there being a non-enforcement stance on wholesale status by ASIC since 2014, AFCA emphasizes the importance of adhering to asset thresholds to avoid legal risks. Find weekly superannuation updates and other financial services information on financialservicesonline.com.au.
What this episode covers
In this episode of Superannuation News Wrap hosted by Paige Estritori, two key issues are discussed. The first is a landmark reform in Australia to reduce gender superannuation gap by making superannuation payable on Commonwealth Paid Parental Leave, a measure that could reduce the gap by 25%. This change may benefit over 200,000 Australian mothers annually, although regional disparities persist. The second topic focuses on the Australian Financial Complaints Authority clarifying the classification of self-managed super funds as retail or wholesale investors. This classification is dependent on the fund's asset value. Despite there being a non-enforcement stance on wholesale status by ASIC since 2014, AFCA emphasizes the importance of adhering to asset thresholds to avoid legal risks. Find weekly superannuation updates and other financial services information on financialservicesonline.com.au.
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Thu, 3rd Jul 2025
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