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Anti-hawking - Impact on super funds

45 mins 0.75 CPD Hours

Anti-hawking measures aimed at stopping consumers receiving unsolicited...

Best Financial Interests Duty: New Draft Legislation

60 mins 1 CPD Hours

Upcoming legislation amending the ‘best interest duty’ to ‘best financial...

Anti-hawking – the nitty gritty

60 mins 1 CPD Hours

The follow up deep dive session to the Anti-Hawking webinar. These measures...

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Best Financial Interests Duty: New Draft Legislation

60 mins
1 CPD Hours

Webinars Investment  Members culture  Risk  Governance

Date of recording: 10 February 2021

Upcoming legislation amending the ‘best interest duty’ to ‘best financial interests duty’ will fundamentally change the role of superfund trustees.

The draft bill reverses the burden of proof, putting the onus on trustees to prove they discharged their duty rather than on the regulator to prove they did not, as the law currently stands. It also allows regulations to be made banning certain payments or investments - regardless of whether the activity is in the best financial interests of members.

The Best Financial Interests Duty bill is part of the Your Future, Your Super  package announced in the 2020 Federal Budget.  If it passes Parliament, the changes will take effect on 1 July 2021.

These are profound and significant changes, so watch our exclusive member-only webinar where our panel of experts break down their ramifications on  trustees as they carry out their duties.


Natalie Cambrell, Principal Solicitor, KHQ Lawyers

Natalie Cambrell leads KHQ Lawyer’s superannuation and financial services team.  With more than 20 years’ experience, she has a strong reputation for her in-depth knowledge in these highly regulated and complex practice areas, and for her clear and commercial advice.

With extensive consolidation in the superannuation industry over recent years, Natalie has worked on many successor fund transfers, including recently the VicSuper merger into First State Super, to form a $120+ billion fund.

In addition to her law qualifications, Natalie holds a Diploma of Superannuation Management, and she is the Deputy Chair of the Superannuation Committee of the Law Council of Australia.

Natalie has been named Melbourne’s “Lawyer of the Year” for superannuation law in 3 editions of the Best LawyersTM in Australia and her expertise has also been recognised in corporate governance practice, financial institutions, funds management and investment law.

Scott Connolly, Assistant Secretary, ACTU

Scott Connolly was re-elected ACTU Assistant Secretary at the ACTU Congress in July 2018.

Prior to this he was Assistant Secretary at the Transport Workers Union (TWU) Queensland branch.

Scott grew up in western Sydney, and like many young Australians, his first job was working the trolley at Woolworths during high school, where he stayed for 12 years in a variety of roles from dockhand to payroll.

It was there he began his involvement in the union movement, joining the SDA and becoming a delegate so he could have a say in management’s decisions.

Scott started at the TWU as an Industrial Officer before moving across three branches over 16 years where he was instrumental in protecting workers in the transport industry, including legal changes to recognise trucks as a workplace and protecting bus drivers from violence.

Scott was also involved in achieving domestic violence leave and increasing parental leave entitlements for Virgin members and leading the 2011 Qantas members’ campaign when management grounded the airline.

As ACTU Assistant Secretary, Scott is passionate about fighting for a better future to ensure the next generation are not left worse off by the current generation.

Scott has a Bachelor of Arts in Industrial Relations, writing his honours thesis on the ACTU and the TWU during the Accord, and has studied in trade union leadership at the Harvard Law School.

Outside of work, he is a proud father of three kids and on his son's advice, is a Western Bulldogs supporter.

Peter Burn, Chief Policy Advisor, Ai Group

Chief Policy Advisor at Ai Group, Peter is responsible for policy development on a wide range of issues relevant to Ai Group members and works closely with Ai Group’s National Workplace Relations; Education and Training; and Industry Development Policy teams.

He is also a Director of Industry Super Australia. Previously Director – Policy at the Business Council of Australia, earlier still Peter held academic positions in Economics Departments at the University of Queensland and the University of Newcastle after starting his professional career at the Commonwealth Treasury.

Christian Gergis, Head of Policy, Australian Institute of Company Directors

Christian is Head of Policy at the Australian Institute of Company Directors where he leads their public policy agenda across Commonwealth and State governments. Prior to joining the AICD, Christian held senior roles at financial services industry bodies. Christian is a former Australian diplomat with the Department of Foreign Affairs and Trade, and previously practiced in commercial law at Herbert Smith Freehills.


Eva Scheerlinck, Chief Executive Officer, AIST

Eva Scheerlinck was appointed CEO of the Australian Institute of Superannuation Trustees (AIST) on March 23, 2017 and is responsible for leading the peak body of the $1.4 trillion profit-to-member superannuation industry. 

Eva joined AIST in 2010, moving into the role of AIST’s Executive Manager of Governance and Stewardship. During her time at AIST, Eva has been actively involved in reforming governance standards for superannuation funds in Australia and championing initiatives aimed at improving retirement outcomes for groups that often fall through the cracks in the super system including women, low income earners and Indigenous Australians. 

Eva has previous experience heading up professional associations, including six years as CEO of the Australian Lawyers Alliance, a role that saw her named by BOSS Magazine as one of seven top young executives of the year. 

Eva holds a Bachelor of Laws and Bachelor of Arts from the Queensland University of Technology, as well as a Graduate Diploma of Community Management from the University of Technology, Sydney. 

She was admitted as a solicitor in 2000. She is a Graduate Member of AIST’s Trustee Director Course and a Graduate Member of the Australian Institute of Company Directors.

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