Video conference with Tim Wilson MP, Chair, Standing Committee on Economics, Federal Member for Goldstein

Tim Wilson, Chair of the Standing Committee on Economics, Federal Member for Goldstein in Victoria said this ‘Thursday’s hearing is an opportunity to scrutinise the superannuation sector’s response to the government’s “Your Future, Your Super” reforms’, which came into effect on 1 July.

“It’s important that funds are taking their new obligations seriously, and that trustees are working in the best financial interests of members and being transparent about fund performance. In the highly competitive super field, where member assets have now exceeded $3 trillion, Australians should expect nothing less.”

“The committee will also continue to scrutinise the impact of COVID-19 on super, as it has for the past eighteen months. In particular, how is the pandemic outlook affecting the funds’ future investment strategies and how they treat their members,” Mr Wilson said.

The Australian Chamber of Commerce and Industry, ACCI held a zoom conference with Tim Wilson MP.

The Standing Committee on Economics is the most senior Committee of the House of Representatives in the Parliament of Australia, and has oversight of the Reserve Bank of Australia, the Australian Securities and Investments Commission (ASIC), the Australian Competition and Consumer Commission (ACCC) and the Australian Prudential Regulation Authority (APRA).

At this zoom conference, Tim Wilson provided an update on the committee’s current inquiries and recent tabled reports and answered many questions from business leaders across Australia.

This event time and date has been amended