Search Results | Showing 1 - 10 of 118 results for "SIS Act" |
| | ... investments and advice with three reports and life insurance with one. In superannuation, the issues included breaches of the SIS Act and SIS Regulations, incorrect cancellation of insurance policies and inadequate claims handling. In investments and ... |
| | | ... determination of retirement income strategies as required by section 52(8A) of the Superannuation Industry (Supervision) Act 1993 (SIS Act) addressing Retirement Income covenants," the prudential regulator said. "APRA strongly encourages RSE licensees ... |
| | | ... member and their financial adviser from a member's account and ensure that such fees are not paid in breach of the SIS Act and are not taxable benefits for members. It also seeks to simplify and clarify the provisions governing conflicted remuneration ... |
| | | ... efficiently and/or whether any amendments are required. Currently, section 29QC of the Superannuation Industry Act 1993 (SIS Act) requires that information given to the public by trustees must align with information provided to the Australian Prudential ... |
| | | ... Further, redraws are available twice a year per the anniversary of the loan, up to $50,000 at a time in accordance with the SIS Act. Residential interest rates typically range from 6.99%, and near-prime rates start at 7.69%. Meanwhile, prime interest ... |
| | | ... 2023, the super fund failed to have a procedure for identifying and merging multiple member accounts as required by the SIS Act; failed to efficiently identify, escalate or rectify the ongoing issue; didn't promptly identify and merge multiple accounts ... |
| | | ... licensee directors from the change of control and ownership provisions of the Superannuation Industry (Supervision) Act 1993 (SIS Act). Effective immediately, this exemption eliminates the need for certain RSE licensee directors to seek approval for ... |
| | | ... the member as to where the money should be invested. This occurred from mid-2022 onwards, the regulator said. Under the SIS Act, trustees must direct contributions to a MySuper product where the member has not advised where they should go. In addition ... |
| | | ... and contrary to the interests of members," he said. "The duty to identify duplicate accounts under section 108A of the SIS Act provides room for trustees to exclude defined benefit and income stream accounts and places the onus on the trustee to assess ... |
| | | ... there are other things that will help clear the way for digital advice adoption," he said. "Her proposal to amend the SIS Act, in particular, is a recommendation that makes it clear that super funds can spend money on providing retirement advice to their ... |
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