Terms Of Reference – ASIC Superannuation Investment Working Group

Written by Claude Haiku 4.5 from the extracted text on 28 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

ASIC established a Superannuation Investment Working Group comprising superannuation funds, investment managers, consumer advocates, and government bodies to examine two regulatory issues: whether class order relief should apply to internally managed private credit disclosure in portfolio holdings statements, and whether stamp duty should be excluded as a disclosable transaction cost under ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070 and Regulatory Guide 97. The briefing paper, prepared for the working group's first meeting on 11 September 2025, contextualizes these reviews within the Superannuation (Objective) Act 2024's retirement income preservation objective and trustees' obligations under the SIS Act and Corporations Act to assess investment governance including fees and costs. Stakeholders raised concerns about unequal portfolio holdings disclosure obligations between internally and externally managed private debt arrangements.