1 February 2024 - Keynote address by ASIC Deputy Chair Sarah Court at the Connexus Super Chair Forum

Keynote address by ASIC Deputy Chair Sarah Court at the Connexus Super Chair Forum, 1 February 2024.

Key Points

  • ASIC’s enforcement priorities in the superannuation sector in the coming year run along three key themes: member services failures; misleading conduct, including greenwashing; and failures to protect superannuation balances.
  • These reflect areas of genuine harm ASIC is seeing through intelligence and surveillance and should serve as fair warning to the sector as to where it needs to lift performance.
  • Superannuation fund board chairs are in a powerful position to impact outcomes for members and ASIC is calling on them to be proactive in placing members at the heart of day-to-day operations or face possible regulatory attention.

Financial Education Professionals acknowledges the Traditional Owners of Country throughout Australia. We pay our respects to Elders past, present and emerging.