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Showing 111 - 120 of 180 results for %22SIS Act%22

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 ...

Highest paid execs in super revealed

JAMES FERNYHOUGH  |  THURSDAY, 6 NOV 2014
... document. In some cases, finding the information was very difficult. Under 29QB(1) of the Superannuation Industry (Supervision) (SIS) Act, it is stipulated that super funds must publicly disclose the remuneration of 'each executive officer' on its website ...

Govt moves to repeal super payslip disclosure rules

JAMES FERNYHOUGH  |  THURSDAY, 16 OCT 2014
... period. A further complication is that, while the law in question - which is part of the Superannuation Industry (Supervision) (SIS) Act - was passed in 2010, no regulations were written to enforce it. This means the repeal of the law will not make any ...

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 ...

Submissions open for SuperStream pass through amendments

JAMES FERNYHOUGH  |  MONDAY, 4 AUG 2014
The Federal Government has released an exposure draft proposing to amend the Superannuation Industry (Supervision) (SIS) Act to require default superannuation funds to process all default contributions. The amendments would mean that employers would ...

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 ...