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Showing 1 - 10 of 12 results for "Superannuation Industry Supervision Act"

APRA spells out unlisted asset valuation standards

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
... including requiring another auditor to look at the issue or issuing a direction under the Superannuation Industry Supervision act." APRA deputy chair Helen Rowell explained that the accounting standard in valuing unlisted assets is not particularly prescriptive ...

IOOF faces new class action

ELIZABETH MCARTHUR  |  TUESDAY, 25 FEB 2020
... however, were unsuccessful with the Federal Court finding that IOOF did not contravene the Superannuation Industry Supervision Act.

Former IOOF company loses court battle in timber scheme

KANIKA SOOD  |  FRIDAY, 27 SEP 2019
... Earlier this month, the Federal Court of Australia ruled that IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator. The Federal Court held that IOOF's ...

APRA considers appeal in IOOF case

ELIZA BAVIN  |  MONDAY, 23 SEP 2019
... alleged IOOF entities, directors and executives had contravened their obligations under the Superannuation Industry Supervision Act. This is the second court loss for financial regulators following the Royal Commission, after ASIC lost its case against ...

Federal Court delivers APRA, IOOF verdict

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2019
The Federal Court of Australia has found IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator. The Federal Court has held that IOOF's Investment Management ...

Sole purpose test divides industry

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... program if they join the fund. Some industry participants claim this is a breach of the Superannuation Industry Supervision Act's sole purpose test. Speaking to Financial Standard, SuperConcepts' interim chief executive Adrian Urquhart says the SMSF ...

Retirement income paper open for consultation

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
... nine-person advisory group to help establish the scope of a retirement covenant in the Superannuation Industry Supervision Act 1993. The SIS Act already has covenants on insurance and investment. On Budget night, Treasurer Scott Morrison flagged the ...

O'Dwyer names CIPR advisory group

JAMIE WILLIAMSON  |  MONDAY, 19 FEB 2018
... shaping possible options and provide advice as to the scope of a retirement covenant in the Superannuation Industry Supervision Act 1993. O'Dwyer said this would require super trustees to design and offer appropriate solutions to members. O'Dwyer said ...

PROFILE: SuperBPO chief executive Michael Houlihan

DARREN SNYDER  |  FRIDAY, 23 OCT 2015
... which then became the first really chunky bit of superannuation law. In 1994 it became the Superannuation Industry Supervision Act and etcetera. "Back then there were very few complexities so the technology piece was quite easy. In fact setting up a ...

Brogden rejects cross-selling enticement fears

JAMES FERNYHOUGH  |  TUESDAY, 29 JUL 2014
... 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 from offering enticements to employers when ...
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