NAB's Superannuation Trustee - Disclosure and Reporting to Members
Phillip Sweeney made this Freedom of Information request to Australian Securities and Investments Commission
This request has been closed to new correspondence from the public body. Contact us if you think it ought be re-opened.
Dear Australian Securities and Investments Commission,
In a Media Release dated Thursday 2 February 2017 and titled
"17-022MR ASIC imposes licence conditions on NAB’s superannuation trustee"
ASIC required an independent expert's review which will consider, among other things NULIS’:
• risk management procedures;
• process for implementing product changes, disclosure and reporting to members, and
• procedures for managing conflicts of interest within NAB’s superannuation business, including the assessment of related party service providers.
Information on related party service providers is to be found in the audited financial statements of The MLC Super Fund which should be available for public download pursuant to the intent of the Parliament as per the Explanatory Memoranda of Superannuation Legislation Amendment (Further Mysuper and Transparency Measures) Bill 2012.
NAB's superannuation trustee does not comply with this disclosure requirement so as to hide the extent of related party dealings and possible abuse of Section 58B of the SIS Act.
The documents I seek are a copy of the most recent audited financial statements and the Auditor's Report on The MLC Super Fund {R1077223} in ASIC's possession.
Yours faithfully,
Phillip Sweeney
Dear Mr Sweeney,
I refer to your request made under the Freedom of Information Act 1982
(below).
Please find attached an acknowledgment letter.
Yours sincerely,
Fleur Forsyth
Lawyer, FOI, Chief Legal Office
Australian Securities and Investments Commission
Level 7, 120 Collins Street, Melbourne, 3000
[1][email address]
[2]ASIC logo
From: Phillip Sweeney <[3][FOI #6476 email]>
Sent: Friday, 10 July 2020 9:13 AM
To: FOIrequest <[4][ASIC request email]>
Subject: Freedom of Information request - NAB's Superannuation Trustee -
Disclosure and Reporting to Members
EXTERNAL EMAIL: Do not click any links or open any attachments unless you
trust the sender and know the content is safe.
Dear Australian Securities and Investments Commission,
In a Media Release dated Thursday 2 February 2017 and titled "17-022MR
ASIC imposes licence conditions on NAB’s superannuation trustee"
ASIC required an independent expert's review which will consider, among
other things NULIS’:
• risk management procedures;
• process for implementing product changes, disclosure and
reporting to members, and
• procedures for managing conflicts of interest within NAB’s
superannuation business, including the assessment of related party service
providers.
Information on related party service providers is to be found in the
audited financial statements of The MLC Super Fund which should be
available for public download pursuant to the intent of the Parliament as
per the Explanatory Memoranda of Superannuation Legislation Amendment
(Further Mysuper and Transparency Measures) Bill 2012.
NAB's superannuation trustee does not comply with this disclosure
requirement so as to hide the extent of related party dealings and
possible abuse of Section 58B of the SIS Act.
The documents I seek are a copy of the most recent audited financial
statements and the Auditor's Report on The MLC Super Fund {R1077223} in
ASIC's possession.
Yours faithfully,
Phillip Sweeney
-------------------------------------------------------------------
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[5][FOI #6476 email]
Is [6][ASIC request email] the wrong address for Freedom of Information
requests to Australian Securities and Investments Commission? If so,
please contact us using this form:
[7]https://www.righttoknow.org.au/change_re...
This request has been made by an individual using Right to Know. This
message and any reply that you make will be published on the internet.
More information on how Right to Know works can be found at:
[8]https://www.righttoknow.org.au/help/offi...
If you find this service useful as an FOI officer, please ask your web
manager to link to us from your organisation's FOI page.
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References
Visible links
1. mailto:[email address]
3. mailto:[FOI #6476 email]
4. mailto:[ASIC request email]
5. mailto:[FOI #6476 email]
6. mailto:[ASIC request email]
7. https://www.righttoknow.org.au/change_re...
8. https://www.righttoknow.org.au/help/offi...
9. https://www.asic.gov.au/privacy
Dear Mr Sweeney,
Please find attached a Notice of Decision in relation to your request made
under the Freedom of Information Act 1982 with reference FOI 119-2020.
Yours sincerely,
Fleur Forsyth
Lawyer, FOI, Chief Legal Office
Australian Securities and Investments Commission
Level 7, 120 Collins Street, Melbourne, 3000
[1][email address]
[2]ASIC logo
From: Fleur Forsyth
Sent: Thursday, 23 July 2020 4:05 PM
To: [FOI #6476 email]
Subject: Your FOI request - FOI 119-2020 [SEC=OFFICIAL]
Dear Mr Sweeney,
I refer to your request made under the Freedom of Information Act 1982
(below).
Please find attached an acknowledgment letter.
Yours sincerely,
Fleur Forsyth
Lawyer, FOI, Chief Legal Office
Australian Securities and Investments Commission
Level 7, 120 Collins Street, Melbourne, 3000
[3][email address]
[4]ASIC logo
From: Phillip Sweeney <[5][FOI #6476 email]>
Sent: Friday, 10 July 2020 9:13 AM
To: FOIrequest <[6][ASIC request email]>
Subject: Freedom of Information request - NAB's Superannuation Trustee -
Disclosure and Reporting to Members
EXTERNAL EMAIL: Do not click any links or open any attachments unless you
trust the sender and know the content is safe.
Dear Australian Securities and Investments Commission,
In a Media Release dated Thursday 2 February 2017 and titled "17-022MR
ASIC imposes licence conditions on NAB’s superannuation trustee"
ASIC required an independent expert's review which will consider, among
other things NULIS’:
• risk management procedures;
• process for implementing product changes, disclosure and
reporting to members, and
• procedures for managing conflicts of interest within NAB’s
superannuation business, including the assessment of related party service
providers.
Information on related party service providers is to be found in the
audited financial statements of The MLC Super Fund which should be
available for public download pursuant to the intent of the Parliament as
per the Explanatory Memoranda of Superannuation Legislation Amendment
(Further Mysuper and Transparency Measures) Bill 2012.
NAB's superannuation trustee does not comply with this disclosure
requirement so as to hide the extent of related party dealings and
possible abuse of Section 58B of the SIS Act.
The documents I seek are a copy of the most recent audited financial
statements and the Auditor's Report on The MLC Super Fund {R1077223} in
ASIC's possession.
Yours faithfully,
Phillip Sweeney
-------------------------------------------------------------------
Please use this email address for all replies to this request:
[7][FOI #6476 email]
Is [8][ASIC request email] the wrong address for Freedom of Information
requests to Australian Securities and Investments Commission? If so,
please contact us using this form:
[9]https://www.righttoknow.org.au/change_re...
This request has been made by an individual using Right to Know. This
message and any reply that you make will be published on the internet.
More information on how Right to Know works can be found at:
[10]https://www.righttoknow.org.au/help/offi...
If you find this service useful as an FOI officer, please ask your web
manager to link to us from your organisation's FOI page.
-------------------------------------------------------------------
Please consider the environment before printing this document.
Information collected by ASIC may contain personal information. Please
refer to our [11]Privacy Policy for information about how we handle your
personal information, your rights to seek access to and correct
your personal information, and how to complain about breaches of your
privacy by ASIC.
This e-mail and any attachments are intended for the addressee(s) only and
may be confidential. They may contain legally privileged, copyright
material or personal and /or confidential information. You should not
read, copy, use or disclose the content without authorisation. If you have
received this email in error, please notify the sender as soon as
possible, delete the email and destroy any copies. This notice should not
be removed.
References
Visible links
1. mailto:[email address]
3. mailto:[email address]
5. mailto:[FOI #6476 email]
6. mailto:[ASIC request email]
7. mailto:[FOI #6476 email]
8. mailto:[ASIC request email]
9. https://www.righttoknow.org.au/change_re...
10. https://www.righttoknow.org.au/help/offi...
11. https://www.asic.gov.au/privacy