Mercer v Billinghurst: Some lessons for trustees

Last week, the Full Court of the Federal Court handed down judgement in Mercer Superannuation (Australia) Limited v Billinghurst.[1]  Greenfields acted for Mr Billinghurst.  This was the third decision against the trustee (following the determination of the Superannuation Complaints Tribunal[2] (SCT) and the judgment of Moshinsky J in first instance[3]). Mr Billinghurst was a retired…

Read more

APRA letter to RSE licensees: Managing Conflicts of Interest

Following an assessment of how the industry has implemented SPS 521, APRA has sent a letter to RSE licensees in relation to managing conflicts of interest. APRA assessed a cross-section of the industry including industry, retail, corporate and public sector funds. In its letter to RSE licensees, the regulator makes the following observations: Some funds…

Read more

Subscribe to Greenfields' newsletter

If you would like to be notified of any significant developments or additions to this site, you can subscribe below.

Loading...