Economics Committee to scrutinise superannuation sector on Sept 10

KEY PLAYERS in the superannuation sector will be scrutinised at the House of Representatives Standing Committee on Economics public hearing on September 10, 2020, as part of the committee’s ongoing review of the four major banks and other financial institutions.

Chair of the Committee, Tim Wilson MP, said, "These hearings are an important part of the committee’s scrutiny of the financial sector.

"Due to the impact of the COVID-19 pandemic a significant number of Australians have accessed their super to support themselves during this difficult time. It is crucial that the superannuation sector is operating effectively, fairly and to the benefit of fund members," Mr Wilson said.

The committee’s examination of the groups will also include monitoring the sector’s progress on implementing relevant recommendations from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

Public hearing details

Date: Thursday, 10 September 2020
Time: 10am to 4.45pm
Location: Videoconference

10am—ISPT Pty Ltd
11am—Break
11.15am—Industry Super Holdings
12.15pm—Lunch break
1.15pm— Mine Super
2pm—Hostplus
2.45pm—Break
3pm—AMP
3.45pm—CBUS
4.45pm—Finish 

The hearings will be broadcast live at aph.gov.au/live.