ASIC has flagged it will issue regulatory guides at the end of this year and hold road shows to help the superannuation industry comply with the Stronger Super reforms.
Depending on the passage of legislation, ASIC will release consultation papers and guidance on disclosure requirements for MySuper aspects, governance reforms, SuperStream changes and self-managed super fund (SMSF) reforms.
The government has already introduced legislation on the MySuper core provisions and trustee obligations and prudential standards.
"In addition, the Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Bill 2012 is due to be introduced into Parliament in the Spring sittings," the corporate regulator said yesterday.
The exposure draft includes provisions relating to superannuation fees, intra-fund advice and collection and disclosure of fund information.
ASIC expects to be given the task of regulating disclosure.
"Subject to the final form of the legislation in this tranche, we anticipate giving regulatory guidance on the following aspects of disclosure: portfolio holdings, disclosure product dashboard, and disclosure of executive remuneration," it said.
"There may be disclosure ramifications associated with both the intra-fund consolidation and inter-fund consolidation arrangements subject to the final form of the legislation on these measures, and ASIC guidance may be required.
"We may also issue guidance, or update existing guidance, in relation to other disclosure matters arising from Stronger Super - particularly transition to MySuper."
