Michael Chaaya, Partner of Corrs Chambers Westgarth and member of its Financial Services Industry Division Leadership Team, today presented a paper to the 13th International Conference for the International Pension and Employee Benefits Lawyers Association (IPEBLA).
The conference, held in Berlin, was attended by over 150 experts in the field of pensions and employee benefits law from many jurisdictions including the USA, Canada, UK, Sweden, Germany, and the Asia Pacific region.
Michael’s research paper, The Regulation of Trustee Governance in Australia: Time for a Rethink?, provides a critique of financial services regulation in Australia, with a focus on the trustee governance proposals associated with the Cooper Review and Stronger Super. He argues that the reforms recommended by the Cooper Review will not necessarily achieve the improvements in trustee governance which were highlighted as part of the recommendations made by the Review Panel.
Michael’s paper also examines some of the tensions associated with the twin peaks model of regulation in Australia, and the merits of introducing a code of trustee governance in the superannuation industry.
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