The Government has registered regulations relating to requirements for registrable superannuation entity licensees to disclose expenditures with the Annual Member’s Meeting notice.
The regulations require super funds to itemise all expenditures on political donations.
Non-political donations will be required to be detailed in aggregate.
The updated regulations permit RSE licensees to include contextual information in a short-form summary to explain aggregated expenditure disclosure for members, but is not intended to permit promotional material or information that will detract from the aggregated expenditure information which is the primary focus of the short-form summary.
The Regulations apply in relation to a notice of an annual members’ meeting for a year of income for a registrable superannuation entity if the notice is given on or after 9 September 2022 and the year of income ends on or after 30 June 2022.
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Author: David Jacobson
Principal, Bright Corporate Law
Email: [email protected]
About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.
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