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Showing 111 - 120 of 135 results for "SIS Act"

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 ...

Members covered for fraud but not bad investments

... Anthony Glass, Terrence Lawson and Damian Foley from acting as trustees after uncovering multiple suspected breaches of the SIS Act. It was announced today that the government has stepped in to provide a $1.47 million financial assistance grant to the ...

Report your breach online: APRA

... breach," it said in a statement. However, the online feature is only available for breaches relating to section 29JA of the SIS Act. This ranges from late payment of levies and late lodgement of annual returns to more serious breaches such as failure ...

Sen Chapman explains Parliamentary Inquiry

ALEX DUNNIN | TUESDAY, 31 OCT 2006

... policy has also emerged as a big issue. "Some people making submissions to the Inquiry believe APRA's interpretation of the SIS Act can undermine member investment choice [MIC] to the point where they encourage fund trustees to ignore financial planning ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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