Discuss the Roles of APRA,Asic and the ATO in the Regulation

question 18

Essay

Discuss the roles of APRA,Asic and the ATO in the regulation of the superannuation industry.

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Definitions:

Rules of Agency

Legal guidelines governing the relationship between an agent, who acts on behalf of another person or entity (the principal), and the principal itself.

Shareholders

Individuals or entities that own shares in a corporation, giving them rights to dividends and a stake in the company's equity.

Majority Vote

A voting rule used in decision-making processes where more than half of the votes cast by eligible participants is required to make a decision or elect a candidate.

Two-Thirds Vote

A voting requirement where two-thirds of the members present must agree in order for a proposal or motion to pass.