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20 February 2019
In this submission, AIST argues that access to superannuation to solve policy issues should be as a last resort, and policy change needs to be carefully thought through to avoid unintended consequences.
01 February 2019
AIST welcomes the opportunity to present our Pre-Budget Submission for 2019-20. Our submission presents a longer-term view of problems facing superannuation into the future, with recommendations designed to address these.
25 January 2019
AIST believes that the reporting framework does not presently meet its objectives and APRA needs to change its focus to include members’ best interest. Reporting standards do not enable system performance assessment. AIST calls for a comprehensive data and reporting framework to be implemented, with a specification of what is needed to benchmark system performance.
18 January 2019
Schedule 1 to this Bill implements changes to Age Pension means testing to allow for new innovative income streams.
09 January 2019
AIST is pleased to provide feedback on the Financial Services Council’s review of the Life Insurance Code of Practice Consultation Draft. AIST provided comments on the original iteration of the life code and supports efforts for its continual improvement.
07 November 2018
Areas where the regulators are hamstrung by not having access to reports or disclosures
26 October 2018
This submission is AIST’s fourth response to the Royal Commission.This submission responds directly to the interim report released by the Royal Commission.
AIST supports this measure, however has reservations that the avoidance of conflict with the bring forward rule is designed to solve a problem which is likely to affect few members, and is very easily circumvented.
24 October 2018
This submission is AIST’s third response to the Royal Commission. This submission responds directly to the submissions made by Counsel Assisting to the Commission at the close of the hearings relating specifically to insurance in round 6.
18 October 2018
AIST offers conditional support for this Bill, however we point out that the Bill goes against international best practice by exempting product manufacturers, as well as relying on a flawed disclosure and reporting framework. AIST believes that further carveouts are not in fund members’ best interests. AIST is also uncertain what might constitute a trigger for a target market review.