The SMSF Association (SMSFA) has announced a new board member will join early next year in an attempt to tackle the fluid regulatory changes in the superannuation sector.
BDO partner Geoff Rooney, who is a chartered accountant and Australian Securities and Investments Commission-approved SMSF auditor, will join the SMSFA board from 1 January 2022.
Rooney has a Bachelor of Commerce from the University of Wollongong, has been a partner at BDO for more than three years and prior to that was the Australian EY financial services director for 13 years.
The SMSFA said his experience in the financial services industry will bring skills and industry knowledge in the areas of auditing, risk management, treasury management and financial advice for numerous types of clients, including non-bank lenders, superannuation funds, financial technology providers and corporate treasury departments.
SMSFA chair Andrew Hamilton said Rooney’s involvement will add value to the association’s approach to the superannuation industry.
“Geoff will be a valuable addition to the board with his accounting and auditing background, as well as his involvement in risk management and governance reviews, including risk culture assessments,” Hamilton said.
“Our superannuation sector is constantly having to adjust to changes in government legislation and industry regulation, so to be able to have someone with Geoff’s industry experiences right across the SMSF spectrum helps ensure our board is well positioned to continue making the right strategic decisions for the benefit of our members and superannuation sector.”
Rooney said it was a privilege to become a board member of an association that has become an integral aspect of the SMSF sector since its foundation.
“In the years that I have been a member I have always been impressed by the board’s ability to take long-term strategic decisions in the interests of its members and I am looking forward now to making my contribution to this deliberation process,” he said.
Earlier this year, the SMSFA also appointed Professor Deborah Ralston and BT head of financial literacy and advocacy Bryan Ashenden as board members.