Financial and auditing requirements for superannuation funds

This consultation process has now been completed.
Consultation Type
Exposure Draft

Key Documents

The Government has released for consultation a draft Bill, which sets out financial reporting and auditing obligations in relation to registrable superannuation entities (RSEs).

The draft Bill requires RSE licensees to:

  • prepare and lodge financial reports for each financial year and half-year with the Australian Securities and Investments Commission;
  • publish the financial report, directors’ report and auditor’s report for a financial year on the RSE’s website and provide details of how to access these reports with the notice of the annual members meeting; and
  • provide a copy of the financial reports for a financial year and half-year to members and beneficiaries on request.

The draft Bill also amends the requirements for the auditor of an RSE, who will have obligations under both the Corporations Act 2001 and the Superannuation Industry (Supervision) Act 1993. These changes will ensure that the auditor, and in certain circumstances, audit firms and audit companies, are subject to stringent eligibility, reporting and independence requirements.

Submissions for this consultation are welcome at


No submissions are currently available.