Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 118 results for "SIS Act"

Cooper wants collectables banned from SMSFs

MICHAEL HOBBS  |  THURSDAY, 29 APR 2010
... the trustees or trustee directors." The report believes new administrative penalties framework should be based on the SIS Act. It could be modelled on the Taxation Administration Act 1953 penalty framework, which includes penalty units and assessment ...

Cooper Review unveils MySuper, officially

MICHELLE BALTAZAR  |  TUESDAY, 20 APR 2010
... super funds unless the government passes the relevant legislation. For example, the Review calls for adjustments to the SIS Act, the overarching law for all things super, so that super funds can carry through the reforms. Contained in the report is a ...

Commission on risk products should continue: FPA

COMPANY RELEASE  |  WEDNESDAY, 17 MAR 2010
... should apply to corporate superannuation. "It was agreed that, in accordance with the current legislative approach in the SIS Act, we would widen the definition of 'client' in our remuneration policy to include a formally constituted 'policy committee'," ...

Super funds back trustee pay disclosure

MICHELLE BALTAZAR  |  WEDNESDAY, 16 DEC 2009
... should require trustees to have certain academic qualifications or additional skills outside what's already required by the SIS Act. Liz Westover, head of superannuation at the Institute of Chartered Accountants, said the Institute is disappointed with ...

Trustees must not be victimised: APRA

APRA RELEASE  |  THURSDAY, 6 AUG 2009
... Baldock committed acts of victimisation contrary to section 68 of the Superannuation Industry (Supervision) Act 1993 (the SIS Act). The employee and the auditor were directors of Australian Enterprise Superannuation Pty Ltd (AES) in its capacity as trustee ...

Pearce calls for trauma in super

MICHAEL HOBBS  |  MONDAY, 4 MAY 2009
... benefits in superannuation, however trauma is not because the insurance does not conform to the release requirements of the SIS Act. Speaking at the Lifewise launch in Sydney on Friday, Pearce said it is time to consider including trauma in superannuation. ...

Gilbert to retire

MICHAEL HOBBS  |  THURSDAY, 9 APR 2009
... the Superannuation Guarantee, greater disclosure of commissions by life insurance agents and what would later become the SIS Act. Gilbert then joined the Credit Union Services Corporation as general manager of wholesale distribution in the mid-1990s ...

SMSF trustee fails sole purpose test

RUTH LIEW  |  WEDNESDAY, 12 NOV 2008
... Castlecrag, New South Wales, appeared in the Downing Centre Local Court after being charged under sections 62 and 202 of the SIS Act. ASIC found he had failed to ensure a self-managed superannuation fund known as the Little Super Fund (LSF) was maintained ...

Trustee education top issue for SMSFs: Pearce

ALEX DUNNIN  |  TUESDAY, 28 OCT 2008
... presented to Parliament last year indicated that an estimated 10 per cent of SMSFs were likely to be non-compliant with their SIS Act requirements. "The troubling aspect of the trustee issue is that while self managed superannuation can be a very effective ...

ATO warns on super loans

WWW.THESHEET.COM  |  MONDAY, 7 APR 2008
... retirement. Super fund trustees have been free to borrow to acquire assets since last September, when an amendment to the SIS Act removed long-standing restrictions on borrowing. The main beneficiaries of this change are expected to be trustees of self ...