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Showing 111 - 120 of 2424 results for "NEC"

Government scraps inquiry into advice firm failures, Dixon Advisory

JAMIE WILLIAMSON  |  FRIDAY, 29 AUG 2025
The government has dumped the inquiry into wealth management companies that would have dissected the collapse of firms like Dixon Advisory and the impact on the Compensation Scheme of Last Resort (CSLR). In September 2024, the government referred the ...

NGS Super readies for admin transformation

JAMIE WILLIAMSON  |  WEDNESDAY, 27 AUG 2025
After close to a year-long delay, NGS Super will begin transferring its administration services to GROW Inc. in October. In May 2024, NGS Super announced it was ending a long-standing administration services arrangement with Mercer, instead handing ...

ATO bares teeth at dentists pushing early super access

JAMIE WILLIAMSON  |  TUESDAY, 26 AUG 2025
The Australian Taxation Office (ATO) has warned of an increase in "dodgy advice" about accessing superannuation savings for non-critical medical procedures, like cosmetic dental work. The number of people accessing their super under the guise of medical ...

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
Equity Trustees will face court over its alleged due diligence failures concerning the Shield Master Fund. ASIC flagged that as a superannuation trustee, Equity Trustees oversaw the investment of around $160 million of retirement savings into Shield ...

Chalmers says tax reform coming, but offers no detail

ELIZA BAVIN  |  MONDAY, 25 AUG 2025
Treasurer Jim Chalmers has confirmed the government intends to cut taxes but also that broader tax reform is necessary. "When it comes to tax, the government's tax policies haven't changed. Our major focus is on cutting taxes, two more times for every ...

Liquidity issues hurting Healthbridge Capital investors

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
Healthbridge Capital investors have been locked out of their money since March amid a liquidity crunch as corporate regulator ASIC stays mum about its knowledge or investigation into the potential collapse of another managed investment scheme. A significant ...

APRA sets higher cybersecurity expectations for trustees

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
Trustees' cyber-resilience is riding high on APRA's enforcement agenda over the next four years, but in the short term the regulator warned it will escalate action where necessary if they cannot prove to have basic measures in place. The prudential ...

Vision Super divests G8 Education over abuse charges

JAMIE WILLIAMSON  |  MONDAY, 18 AUG 2025
Vision Super is divesting G8 Education in response to horrifying allegations of child sex abuse at one of its centres. The company was added to the list of investment exclusions in Vision Super's responsible investment policy on July 27. In June ...

RBA cuts rates, experts debate next moves

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
As widely anticipated, the Reserve Bank of Australia (RBA) delivered a 0.25% interest rate cut at the August meeting, bringing the official cash rate down to 3.6%. The RBA board noted that the easing in inflation alongside a softening in the labour ...

PC suggests removing excessive entry requirements for advisers

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
In its fourth of five papers addressing productivity hurdles in Australia's economy ahead of the government's Economic Reform Roundtable, the Productivity Commission (PC) has recommended paring back some of the entry requirements that have impacted ...