Notice of Disqualification – Jamyla Katrina Humphries - 19 January 2026

Overview

The Superannuation Industry (Supervision) Act 1993 was enacted to regulate the superannuation industry in Australia, ensuring that superannuation funds are managed efficiently, responsibly, and in the best interests of the members. The Act was introduced to address the need for effective supervision and regulation of superannuation entities, particularly in response to instances of misconduct and mismanagement within the industry. Enacted by the Commonwealth Parliament, the Act aims to protect the financial interests and retirement security of superannuation fund members by establishing a robust framework for the oversight and administration of superannuation entities. The policy objective of the Act is to maintain high standards of conduct and compliance within the superannuation industry, thereby safeguarding the long-term financial well-being of superannuation fund participants.

Scope and Application

The Superannuation Industry (Supervision) Act 1993 applies to entities involved in the management and administration of superannuation funds within Australia. Specifically, the Act targets the trustees, investment managers, custodians, and responsible officers of corporate trustees who are involved in the supervision of superannuation entities. This legislation encompasses a wide range of conduct and transactions related to the governance and operation of superannuation funds, ensuring compliance with statutory obligations and the protection of fund members' interests. The Act has a national jurisdictional reach, applying across all states and territories in Australia. However, there are no explicit exclusions or exemptions stated in the provided text, implying that the Act broadly applies to all relevant entities unless otherwise specified through subordinate instruments. The disqualification of responsible officers under the Act is a significant enforcement mechanism, reflecting the seriousness with which the Act treats breaches of superannuation laws. The disqualification notice, once issued, becomes effective immediately, and details are published as a Notifiable Instrument in the Federal Register of Legislation, ensuring transparency and accountability within the superannuation industry.

Key Provisions

The primary sections of the Superannuation Industry (Supervision) Act 1993 (SISA) relevant to this notice of disqualification are subsection 126A(2), which outlines the grounds for disqualifying a person from acting as a responsible officer of a superannuation entity, and subsection 126A(6), which mandates the issuance of a disqualification notice. Subsection 126A(7) requires that details of the disqualification be published as a Notifiable Instrument in the Federal Register of Legislation. The disqualification of Jamyla Katrina Humphries takes effect immediately upon issuance of the notice. The obligations and requirements imposed by the SISA on entities and individuals it governs include ensuring that responsible officers do not contravene the Act, particularly in relation to the management and oversight of superannuation entities. Jamyla Katrina Humphries, as a responsible officer, had the duty to ensure compliance with the SISA, and her failure to do so, coupled with the number and seriousness of the contraventions, led to her disqualification. The Act also requires that any disqualification be communicated formally, as evidenced by the notice given to Ms. Humphries, and that such disqualifications be published to inform the public and maintain transparency. Under section 126K of the SISA, it is an offence for a disqualified person to act in certain capacities within the superannuation industry, including as a trustee, investment manager, or custodian of a superannuation entity, or as a responsible officer or part of a body corporate that holds these roles. The maximum penalty for such an offence is a two-year jail term, highlighting the seriousness with which the Act treats breaches of disqualification orders. Additionally, subsection 126A(5) allows for the revocation of a disqualification by the delegate of the Commissioner of Taxation, either on their own initiative or upon a written application by the disqualified person. Should Ms. Humphries wish to contest the disqualification, section 344 of the SISA provides her with the right to request a reconsideration of the decision by the Commissioner. This request must be made in writing within 21 days of receiving the notice and must detail the reasons why she believes the decision is incorrect. This provision ensures that affected individuals have a formal process to challenge decisions that they believe are unjust or based on erroneous grounds.