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The Morrison government has announced it is making “important changes” to the superannuation financial reporting system.
In an effort to accommodate “the size and significance of the sector”, the government’s proposed reforms will see super funds required to prepare and lodge audited financial reports for each financial year and half-year with ASIC, as well as publish the financial report, directors’ report and auditor’s report on their website and provide a copy to members.
Read more at Investor Daily.