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Showing 71 - 80 of 118 results for "SIS Act"

APRA releases report on Trio investigation

KERRIE SYDEE  |  MONDAY, 11 APR 2016
... investments." The report also revealed that Trio's directors were identified as failing their duties and functions under the SIS Act, and not acting in the best interest of members. The report noted that the outcomes of the Trio investigation can provide ...

Trio Capital compensation complete

KERRIE SYDEE  |  FRIDAY, 1 APR 2016
... (SMSF) trustees, were not covered by the compensation framework under the Superannuation Industry (Supervision) Act 1993 (SIS Act). The government has already provided $71.7 million on compensation to eligible investors. Commenting on the decision, Minister ...

Third SMSF auditor banned

DARREN SNYDER  |  THURSDAY, 3 DEC 2015
... person has been disqualified, by searching ASIC's SMSF auditor register at connectonline.asic.gov.au. From 1 July 2013, the SIS Act required all auditors of SMSFs to be registered with ASIC. This was to ensure that all SMSF auditors at least meet the ...

ASIC warns super funds over transparency requirements

MARK SMITH  |  MONDAY, 7 SEP 2015
... in their requirement to display certain information on their websites. The Superannuation (Industry) Supervision Act (SIS Act) and SIS regulations 2.37 and 2.38, introduced under Stronger Super reforms, require funds to display executive remuneration ...

APRA trustee reforms, definition of independence yet to be finalised

ALEX DUNNIN  |  TUESDAY, 1 SEP 2015
... abandoning the equal representation trustee model that has operated in Australia for decades. "The Bill proposes to amend the SIS Act to improve governance in superannuation by ensuring that there is an appropriate proportion of independent directors ...

Bank super incentives 'unlawful': ISA

MARK SMITH  |  MONDAY, 23 MAR 2015
... Bloch Leibler. Furthermore, ISA said that those that breach the law by offering inducements could go unpunished. "The law (SIS Act section 68A) prohibits a bank from offering business banking discounts and other incentives to employers in exchange for ...

SPAA "disappointed" by the FSI's SMSF borrowing recommendations

ALICE URIBE  |  MONDAY, 8 DEC 2014
... general prohibition on direct borrowing by removing Section 67A of the Superannuation Industry (Supervision) Act 1993 (SIS Act), although the exception of temporary borrowing by superannuation funds for short-term liquidity management purposes should ...

Murray calls for end to LRBAs

ALICE URIBE  |  SUNDAY, 7 DEC 2014
... general prohibition on direct borrowing by removing Section 67A of the Superannuation Industry (Supervision) Act 1993 (SIS Act), although the exception of temporary borrowing by superannuation funds for short-term liquidity management purposes should ...

APRA confirms MySuper non-confidentiality rules

JAMES FERNYHOUGH  |  THURSDAY, 2 OCT 2014
... APRA will publish data on MySuper fees, costs and net returns for the purposes of the requirement in section 348A of the SIS Act. "APRA will also publish, under section 57 of the APRA Act, additional MySuper product and institution-level data where RSE ...

Brogden rejects cross-selling enticement fears

JAMES FERNYHOUGH  |  TUESDAY, 29 JUL 2014
... products. But FSC chief executive John Brogden said offering incentives in this context was expressly forbidden by the SIS Act. "The Superannuation Industry Supervision Act has broad-based provisions which prohibit superannuation funds and related entities ...