ASIC has announced a three-year extension to the relief provided for superannuation trustees under ASIC Superannuation (Disclosure and Reporting Consistency Obligations) Instrument 2023/941.
This extension, delivered through the ASIC Superannuation (Amendment) Instrument 2025/449, ensures trustees remain exempt from requirements under subsection 29QC(1) of the Superannuation Industry (Supervision) Act 1993 (the SIS Act) until 1 January 2029.
ASIC has assessed that the relief document is operating effectively and continues to form a necessary part of the legislative framework.
ASIC’s decision follows a targeted consultation with superannuation industry representatives. All stakeholders supported extending the exemption for a further three years.
Background
Section 29QC(1) of the SIS Act aims to ensure consistency between public disclosures and regulatory reporting to the Australian Prudential Regulation Authority (APRA).
ASIC has granted relief from section 29QC(1) because of uncertainty about how to achieve its disclosure requirements.
