Financial Services
Financial Services » Superannuation & Pensions
The dynamic nature of the Australian superannuation industry's reform agenda means there is a regular challenge for industry players to manage the rapid pace of reform and to understand the impact of those reforms. This requires comprehensive, up-to-the-minute and expert advice, as well as an acute understanding of the various stakeholders within the industry, including peak industry associations, regulators, financial services providers and the Government.
The Corrs' superannuation team helps clients navigate their risks, obligations and opportunities in this area, as well as works with the industry itself to help shape industry developments in key areas such as taxation, Stronger Super and the Future of Financial Advice reforms.
The Corrs superannuation team is also at the forefront of global trends with pension and investment funds in other jurisdictions and participate at the highest levels of international debate with regards to financial services reform.
Our Experts
Our Experience
ESI Super / SPEC Super merger
ESI Super is a superannuation fund for employees of energy industry participants in generators, distributors and retailers, with 21,000 members and $2.8 billion in assets.
MoreOur Thinking
MySuper authorisation and the transition to MySuper
On 3 May 2012 the Australian Prudential Regulation Authority (APRA) released its consultation package regarding MySuper authorisation.
DownloadGreater clarity around APRA’s Prudential Standards for Superannuation
Following the release of a Discussion Paper on APRA’s proposed approach to implementation of the prudential standards on 28 September 2011, APRA invited comments on its proposals.
DownloadTranche 3 of Stronger Super reforms
The Government has released the draft legislation and explanatory memorandum for the third tranche of its Stronger Super reforms contained in the Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Bill 2012.
DownloadCorrs in Brief: Stronger Super Bill on trustee obligations and prudential standards introduced into Parliament
The Government has introduced the Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012 into Federal Parliament, which makes substantial changes to the Superannuation Industry (Supervision) Act 1993.
Download
Unlocking UK pension funds for infrastructure
Can the UK create a new asset class that encourages trustees to invest in crucial infrastructure projects?
MoreCorrs In Brief: Second Tranche of Stronger Super released – Superannuation Legislation Amendment (Trustee Obligations And Prudential Standards) Bill 2012
The Government has released the draft legislation and explanatory memorandum for the second tranche of its Stronger Super reforms.
MoreCorrs In Brief: MySuper Bill introduced into Parliament & Tax Concession for Low Income Earners announced
The Government today introduced the Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2011 into Federal Parliament.
MoreCorrs In Brief: Government introduces Bill to increase SG to 12%
The Government has today introduced the Superannuation Guarantee (Administration) Amendment Bill 2011 into the Federal Parliament. The Bill delivers on the Government’s commitment to increase the superannuation guarantee rate from 9% to 12%.
MoreCorrs In Brief: Second Tranche of FOFA Released – Corporations Amendment (Further Future of Financial Advice Measures) Bill 2011
The Government has released the draft legislation and explanatory memorandum for the second and final tranche of its Future of Financial Advice (FOFA) reforms. Our earlier In Brief of 29 August 2011 discussed the first tranche of the FOFA reforms.
MoreCorrs In Brief: Core Framework for MySuper Released
The government has released draft legislation and an explanatory memorandum setting out the core framework for MySuper products.
MoreCorrs In Brief: Stronger Super reforms announced
The Government has announced the key design aspects of the Government’s Stronger Super reforms together with the outcomes of the consultation process led by Paul Costello, Chair of the Peak Consultative Group.
MoreOur Experience
ESI Super / SPEC Super merger
ESI Super is a superannuation fund for employees of energy industry participants in generators, distributors and retailers, with 21,000 members and $2.8 billion in assets.
SPEC Super’s membership focus is the electrical contracting industry in Queensland. Corrs was engaged at the early stages of consideration of a merger proposal with SPEC Super, to advise the project steering committee on issues for assessing the feasibility of the proposal and strategies for managing any perceived impediments. Once the proposal was approved in principle, Corrs advised ESI Super on the implementation.
The work required a deep understanding of the superannuation industry, and broad experience in the legal and operational issues involved in superannuation fund mergers.
The merged fund will have $3.6 billion in assets, and be one of the largest energy industry funds in Australia.
Our Thinking
Corrs in Brief: First tranche of FOFA released
29th August 2011 |
Corrs In Brief: Stronger Super reforms announced
The Government has announced the key design aspects of the Government’s Stronger Super reforms together with the outcomes of the consultation process led by Paul Costello, Chair of the Peak Consultative Group.
Corrs In Brief: Second Tranche of FOFA Released – Corporations Amendment (Further Future of Financial Advice Measures) Bill 2011
The Government has released the draft legislation and explanatory memorandum for the second and final tranche of its Future of Financial Advice (FOFA) reforms. Our earlier In Brief of 29 August 2011 discussed the first tranche of the FOFA reforms.
Corrs In Brief: Core Framework for MySuper Released
The government has released draft legislation and an explanatory memorandum setting out the core framework for MySuper products.
Unlocking UK pension funds for infrastructure
Can the UK create a new asset class that encourages trustees to invest in crucial infrastructure projects?
Corrs In Brief: Government introduces Bill to increase SG to 12%
The Government has today introduced the Superannuation Guarantee (Administration) Amendment Bill 2011 into the Federal Parliament. The Bill delivers on the Government’s commitment to increase the superannuation guarantee rate from 9% to 12%.
Corrs In Brief: MySuper Bill introduced into Parliament & Tax Concession for Low Income Earners announced
The Government today introduced the Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2011 into Federal Parliament.
Corrs In Brief: Second Tranche of Stronger Super released – Superannuation Legislation Amendment (Trustee Obligations And Prudential Standards) Bill 2012
The Government has released the draft legislation and explanatory memorandum for the second tranche of its Stronger Super reforms.
Corrs in Brief: Stronger Super Bill on trustee obligations and prudential standards introduced into Parliament
The Government has introduced the Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012 into Federal Parliament, which makes substantial changes to the Superannuation Industry (Supervision) Act 1993.
Tranche 3 of Stronger Super reforms
The Government has released the draft legislation and explanatory memorandum for the third tranche of its Stronger Super reforms contained in the Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Bill 2012.
Greater clarity around APRA’s Prudential Standards for Superannuation
Following the release of a Discussion Paper on APRA’s proposed approach to implementation of the prudential standards on 28 September 2011, APRA invited comments on its proposals.
MySuper authorisation and the transition to MySuper
On 3 May 2012 the Australian Prudential Regulation Authority (APRA) released its consultation package regarding MySuper authorisation.
Our Experts
Christine Maher
Partner Brisbane +61 7 3228 9413