A heavy hand
In an industry seemingly obsessed with global standards, the Australian government's requirement that superannuation funds publish the full details of their portfolio holdings on a look-through basis was a step away from the norm. The delays in its implementation - the legislation was supposed to come into force last July but was deferred for 12 months - spoke volumes for the challenges it presented.
Many will be hoping this week's decision to postpone introduction for another 12 months, allowing for a full consultation, ultimately results in substantial amendments. To put the disclosure framework...
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