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FAAA releases submission to Treasury on managed investment schemes

03 Mar 2026

From FAAA - Financial Advice Association Australia

Sarah Abood

The report titled “FAAA – Consultation – Enhancing oversight and governance of managed investment schemes”, details five key recommendations:

Reporting on Fund Failures. The FAAA recommends that the Government or ASIC publish information on the reasons, including governance failings that have contributed to the collapse of funds.
Higher Compliance Plan Standards. The FAAA recommends that the requirements for compliance plans are more clearly defined and the standard is raised.
Restriction on Related Party Transactions. The FAAA recommends that the Government legislate to prevent related party transactions and related party investments in defined circumstances.
MIS Reporting. The FAAA recommends that the Government introduce MIS recurrent and real time reporting to ASIC to help in the development of an early warning system for MIS failures.
Super Switching. The FAAA recommends that the Government introduce a superannuation fund switching alert reporting regime.

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