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Showing 101 - 110 of 290 results for "SIS"

APRA responds to industry concerns

ELIZA BAVIN  |  THURSDAY, 28 NOV 2019
... interpretation would limit scrutiny on the performance of choice products," APRA said. "APRA's view is that absent the final SIS Regulations defining a comparable choice product, it is not possible for an RSE licensee to undertake the required comparison ...

Trustee firm, super fund in hot water

JAMIE WILLIAMSON  |  WEDNESDAY, 6 NOV 2019
... director Andrew Richard Grover. Tidswell is owned by Sargon and holds an extended public offer entity RSE licence under the SIS Act, as well as an AFSL issued by ASIC. Its model is to partner with promoters to offer new super products. While it operates ...

ASIC zeroes in on SMSF auditors

HARRISON WORLEY  |  WEDNESDAY, 6 NOV 2019
... his professional association with a copy of the conditions. The three auditors were referred to ASIC by the ATO under the SIS Act, with the two organisations engaged in a close relationship over the regulation of SMSF auditors.

Former IOOF company loses court battle in timber scheme

KANIKA SOOD  |  FRIDAY, 27 SEP 2019
... individuals the regulator sought to have disqualified, including former managing director Chris Kelaher, did not contravene the SIS Act. APRA commenced the action in December 2018, seeking to impose licence conditions on IOOF and disqualify Kelaher ...

Federal Court delivers APRA, IOOF verdict

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2019
... individuals the regulator sought to have disqualified, including former managing director Chris Kelaher, did not contravene the SIS Act. The Federal Court also awarded costs in IOOF's favour. Australian Executor Trustees was also subject to the legal ...

Pension fund joins action against Facebook

KRISTI CHENG  |  FRIDAY, 23 AUG 2019
The California State Teachers' Retirement System has joined a derivatives case against Facebook in regards to Cambridge Analytica. The litigation at hand is a pending derivative lawsuit against Facebook's leadership, including the social media company's ...

IOOF establishes super trustee office

HARRISON WORLEY  |  WEDNESDAY, 21 AUG 2019
... exercised its newly vested powers and directed IOOF to implement and maintain the OST or risk facing a financial penalty under the SIS Act. Recently appointed IOOF chief executive Renato Mota said the wealth manager had been working "diligently" to implement ...

Associations raise member outcomes concern

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
... financial needs are being met, AIST said. Industry Superannuation Australia echoed the AIST's concerns. Amendments to the SIS Act means the "pre-emptive release" of draft SPS 515 does not accurately reflect the new law and requires revision; it also ...

Wills and BDBN raise adviser interest

KARREN VERGARA  |  FRIDAY, 7 JUN 2019
... still offer greater planning opportunities and flexibilities that's not available in large super funds," she said. The SIS Act allows the executor or administrator of the estate to act as trustee on behalf of deceased member, she said, but this is ...

Chief economist update: It'll hurt me more than it hurts you

BENJAMIN ONG  |  FRIDAY, 24 MAY 2019
If very, very recent history is any guide, US President Donald Trump would soon be tempering his trade war tweets versus China. Trump did so early this year - prompting financial markets and economic and business agents to expect that a trade deal is ...