Post-implementation Review – Treasury
On 16 December 2010 the then Government announced its initial response to the Super System Review. A Regulation Impact Statement (RIS) was required at the time the response was announced, but was exempted from the best practice regulation requirements by the then Prime Minister. As such, a post-implementation review (PIR) was required. The PIR examined the requirement for licensees of registrable superannuation entities to maintain a website that provides, free of charge, systematic transparency about each fund and each fund’s management. The PIR was completed by the Treasury in consultation with its Ministerial Advisory Council and was assessed as compliant by the Office of Best Practice Regulation (OBPR). The PIR also found the proposal imposed an annual regulatory burden of $5.984 million. Regulatory costings were agreed with the OBPR.
- Systematic Transparency PIR [
94KB] - Systematic Transparency PIR [
208KB]