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Showing 91 - 100 of 136 results for "SIS Act"

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 ...

Govt begins long-awaited retirement income review

JAMES FERNYHOUGH  |  TUESDAY, 22 JUL 2014
... being developed. The second section deals specifically with DLAs, focusing on issues such as their disallowance in the SIS Act and resulting unattractive tax status. It also suggests ways they can be regulated to ensure they serve their intended purpose ...

CommInsure launches tailored SMSF insurance product

JAMES FERNYHOUGH  |  MONDAY, 5 MAY 2014
... Total Care Plan Super product, updated to meet the new requirements in the Superannuation Industry (Supervision) Act (SIS Act), which come in to force on 1 July this year. One of its central features is 'Split TPD', whereby policyholders will have some ...