Super representative appointed to FRC

A representative from Australia’s superannuation industry will sit on the Financial Reporting Council (FRC) for the first time, and is one of four new members that have been appointed to the body.

The new members appointed to the FRC, the oversight body for accounting and audit standard setting arrangements in Australia, will include Kevin Stevenson, who will also commence his role of chairman of the Australian Accounting Standards Board in July, Kevin Simpkins, who is the New Zealand Accounting Standards Review Board chair, and Michael Dwyer, who was recently appointed a full-time commissioner of the Australian Securities and Investments Commission.

Noelle Kelleher, who was nominated by the Association of Superannuation Funds of Australia, is a partner and director of Deloitte Touche Tohmatsu in superannuation tax services and will represent the superannuation industry.

“This new superannuation presence recognises the economic significance of Australia’s superannuation industry and the reliance placed by the industry on accurate financial information about the entities in which funds have invested,” said the Minister for Superannuation and Corporate Law, Senator Nick Sherry.

Meanwhile, six existing members of the FRC, consisting of Jim Murphy, John Stanhope, Eric Mayne, Klaus Zimmerman, Bruce Brook and John Gethin-Jones, were reappointed for another three-year term.