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Compulsory best practice code for not-for-profit super funds

A compulsory code of conduct for not for profit super funds will be developed and implemented by April 30, 2016.

The review and resulting code would be mandatory for ISA and AIST member funds and would complement existing APRA prudential standards and guidance.

The code includes matters such as compressive board appointment and renewal policies, guidance to funds and reporting mechanisms.

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