Aracon Superannuation Pty Ltd (Aracon) understands the prudential obligations and the need to operate a robust risk management and compliance framework that meets all of the requirements imposed by the industry regulators, APRA and ASIC.
The Risk Management Framework (RMF) sets out and identifies all material risks applicable to the Aracon superannuation Fund. Risk management is implemented through Aracon’s robust internal compliance capabilities supported by a web enabled compliance system.
The Board of Aracon and its various committees, receive regular reporting on all risk and compliance and investment related matters to ensure that the systems, procedures and controls that address compliance remain relevant, and to ensure that any remedial action, if required, is implemented appropriately.
Audit, Risk, Compliance &
Roles of the Committees
Audit, Risk, Compliance and Complaints Committee (ARCCC)
The role of the ARCCC is to assist the Board of Directors of the Trustee in fulfilling its statutory, corporate governance and oversight responsibilities in respect of audit, risk management, compliance and complaints (including member insurance).
Investment Committee (IC)
The role of the IC is to assist the Board of Directors of the Trustee in fulfilling its investment governance and oversight of the Fund’s investment policy and portfolio management of the Sub Plan’s investments
Remuneration Committee (RC)
The role of the RC is to assist the Board of Directors of the Trustee in fulfilling its statutory, corporate governance and oversight responsibilities in respect of remuneration of the Fund’s Responsible Persons.