Long-time acting Superannuation Complaints Tribunal (SCT) chair Jocelyn Furlan has now been appointed to the role full-time.
Furlan, who was appointed to the role of deputy chair in March 2006, has been acting in the role of chair since September 2007.
“Ms Furlan will continue to ensure the Tribunal fulfils its mediation and settlement role,” Senator Nick Sherry said.
Furlan’s previous roles include LegalSuper compliance manager, executive manager corporate at Victorian Superannuation board and its predecessor the State Superannuation Board, VicSuper company secretary and Victorian Parliamentary Contributory Superannuation Fund secretary.
The Australian Prudential Regulation Authority (APRA) has modified the additional licence conditions imposed on the trustee.
AFCA’s chief executive urged member firms to up their internal dispute resolution processes in order to cut down on costs owed to the authority.
ASFA’s CEO called Joe Longo’s comments on super “unfounded and unfair”, after the ASIC chair said fund trustees don’t always “know their business”.
Less than a month after being ordered to pay $27 million for failing to merge duplicate member accounts, Australia’s biggest super fund is again the target of a suit launched by the corporate regulator.