delete Superannuation (Resolution of Complaints) Regulations (Amendment)
Federal regulations establishing the framework for resolving complaints and disputes between superannuation fund members and trustees, including the operation of the Superannuation Complaints Tribunal (now Australian Financial Complaints Authority). Sets timeframes, procedures, and jurisdiction for handling superannuation-related disputes.
Creates a quasi-judicial bureaucratic layer for superannuation disputes that adds compliance costs ultimately borne by fund members through reduced returns. Such complaints resolution could be handled more efficiently through existing courts, private arbitration, or the financial services licensing regime. The tribunal system perpetuates a culture of regulatory dependency rather than market-based accountability between funds and members.