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Showing 21 - 30 of 743 results for "Regulations"

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... benefits in the required timeframe because of systems issues. This violates Superannuation Industry (Supervision) Regulations 1994, which require trustees to process rollovers between three and 30 days after receipt of instructions. Some 15,000 members ...

Future Fund slapped with new disclosure rules

ANDREW MCKEAN  |  WEDNESDAY, 4 OCT 2023
... what is required of superannuation funds as set out in the Corporations Amendment (Portfolio Holdings Disclosure) Regulations 2021. In August, Future Fund posted a 6% return in FY23, well-below its 10% target. However, Future Fund chair Peter Costello ...

GESB debuts first sustainable option

JAMIE WILLIAMSON  |  WEDNESDAY, 4 OCT 2023
... animal cruelty, predatory lending, or companies found to have significantly breached social or environmental norms or regulations. For instance, with Australian shares, the option will not invest in companies that produce tobacco, derive 10% or more ...

US regulator fines DWS US$25m for greenwashing, AML offences

RACHEL ALEMBAKIS  |  TUESDAY, 26 SEP 2023
... reasonably designed AML program to comply with the Bank Secrecy Act and applicable Financial Crimes Enforcement Network regulations. "The SEC's order finds that DWS advised mutual funds with billions of dollars in assets yet failed to ensure that the ...

Government consults on superannuation objective laws

ANDREW MCKEAN  |  FRIDAY, 1 SEP 2023
... legislation against this set objective and incorporate compatibility statements in all related Commonwealth bills and regulations. "Legislating an objective of superannuation will provide stability and confidence to policy makers, regulators, industry ...

APRA finalises framework for MySuper products

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... superannuation Carmen Beverley-Smith, the determination, under the ambit of the Superannuation Industry (Supervision) Regulations 1994, focuses on RSE licensees, particularly those offering a blend of MySuper and lifecycle products. The crux of the framework ...

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... authorities in multiple jurisdictions around the globe, eToro is committed to being compliant with applicable rules and regulations in all the jurisdictions in which we operate. We pride ourselves on working in close collaboration with regulators to ...

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
... enforcement action against companies that fail to meet reasonable standards in managing cyber risks," he notes. And APRA regulations are now designed to make sure that financial institutions know what data they have and test to ensure systems are as ...

Aware Super migrates members to Bravura platform

ANDREW MCKEAN  |  MONDAY, 24 JUL 2023
... said: "Superannuation and pension funds are long overdue for digital transformation. To stay competitive and meet new regulations they need to give members the kind of intuitive digital experience consumers now expect everywhere else in the global economy." ...

US regulators launch investigation into OpenAI

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... government titled, Safe and Responsible AI in Australia and Rapid Response Report: Generative, to review existing regulations, assess potential gaps and outline a way forward. At the time, Minister for Industry Science Ed Husic said it was appropriate ...