Yesterday morning, the SMSFA announced the resignation of Mr Colley, who held the position of director – technical and professional standards.
SMSF Adviser understands Mr Colley has already departed the association.
Mr Colley joined SMSFA after 10 years with OnePath, and was with the association for just over four years.
An SMSFA spokesperson told SMSF Adviser that the search for Mr Colley’s replacement has started, and said the market will be informed as soon as a decision is made.
“Technical and policy areas are critically important to our members and the goal is to have a new person as soon as possible,” the spokesperson said.
The spokesperson also confirmed that there will be no internal shifts as a result of Mr Colley’s departure.
Members’ interaction with SMSFA should also remain as per normal.
“The association is well resourced, so it will be business as usual,” the spokesperson said.