Super licensing to be based on effective risk management capacityFRIDAY, 21 FEB 2003 4:39AMThe Australian Prudential Regulation Authority (APRA) said today that its granting of superannuation licences under a new government reform package to come into effect in early 2004 will depend on a trustee’s ability to effectively demonstrate its capabilities in managing risk on a number of levels. |
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FAAA says super trustees should stump up for CSLR
The Financial Advice Association Australia (FAAA) has called on Treasury to cut the Compensation Scheme of Last Resort (CSLR) special levy on the advice sector to zero and for superannuation trustees to stump up for the scheme.
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ASIC has issued another stop order on a PDS offering units in three registered managed investment schemes.
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