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Changes at the SCT
Rollover wishes a fond farewell to the outgoing chair of the Superannuation Complaints Tribunal, Jocelyn Furlan, who last month wrote her last-ever foreword for the SCT quarterly newsletter.
He also notes that Furlan used that foreword to caution the Government against any further cuts to the resourcing of the Tribunal and to argue that it should be more closely aligned to its stake-holders in the superannuation industry.
Rollover knows that the SCT was last year collocated with the Australian Securities and Investments Commission in Melbourne, and so hopes that Furlan's successor in the Tribunal chair can adopt a warm working relationship with ASIC chairman, Greg Medcraft, and a number of his key lieutenants.
Those who understand the legislative and regulatory arrangements underpinning the SCT will know that, in a budgetary sense, it comes under the auspices of ASIC albeit that few previous ASIC chairmen proved as interested in its operations as has Medcraft.
The SCT last year managed to reduce a substantial backlog of cases, and so Rollover is hopeful that Furlan's successor ensures that the Tribunal manages to stay on top of its case-load.
AUTHOR
The Rollover
Rollover is a jaded hack who joined the staff of Super Review nearly two decades’ ago and never managed to summon the energy to leave. Known throughout the superannuation industry as a power-luncher and gossip, Rollover spends his time humouring fund managers, eavesdropping at conferences, dozing through briefings and looking for his next free meal.
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