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  • Everyone is a stakeholder in what we do

    In a recent address to The Tax Institute, ATO Commissioner Chris Jordan emphasised that ‘… anticipating and addressing problems before they escalate is one of the key objectives in the ATO’s regulatory activity’. In the context of our current regulatory environment, which is under more scrutiny than ever, ‘everyone is a stakeholder in what we do’.

    Superannuation Deputy Commissioner James O’Halloran echoed this theme in his presentation, Transparency and trust in superannuation, to the Australian Institute of Superannuation Trustees conference in March. He discussed how regulatory reporting helps assure us that things are operating as required. And the resulting transparency enables us focus on prevention rather than detection.

    With the move to ‘event-based’ reporting we now have an almost real-time ability to share information with funds and members – helping to reunite people with their super and reaching a milestone in our journey towards more seamless and efficient transactional services and a fairer super system for all stakeholders.

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      Last modified: 02 Apr 2019QC 58457