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Showing 121 - 130 of 135 results for "SIS Act"

AES member funds safe

... custodians and investment managers in super after each failed to provide due care and diligence as required under the SIS Act 1993. Specifically, APRA said they failed to appropriately manage conflicts of interest and failed to ensure that the fund's ...

ORBITS now suitable for super funds

... investments and alternative investments against the requirements of the Superannuation Industry (Supervision) Act 1998 (the SIS Act) The scope of the review includes an evaluation of the key areas trustees must address if they are to be compliant with ...

Super fund repays financial assistance

... that was delivered to the fund by the Commonwealth Government under the Superannuation Industry (Supervision) Act (the SIS Act). The settlement of the debt marks the first time an amount payable of its kind has been refunded. The grant was initially ...

ATO calls on SMSF trustees to get it right

... referring trustees for prosecution where we believe that there have been serious and intentional contraventions of the SIS Act".

New investment risk tool for SMFSs launched

... superannuation do not realize the full extent of their legal obligations for investment strategy under section 52 of the SIS Act," Sinclair says.

APRA investigation leads to criminal charges

... Regulation Authority (APRA). Three of the five face charges under the Superannuation Industry (Supervision) Act 1993 (SIS Act) relating to contraventions of the sole purpose test, an alleged scheme to avoid the in-house asset rules and allegedly making ...

ASIC and APRA move to streamline intra-fund transfers

... developed with APRA and applies to approved trustees under Part 2 of the Superannuation Industry (Supervision) Act 1993 (SIS Act) or any trustee holding an RSE licence under Part 2A of the SIS Act. "Addressing legacy products and systems issues is a ...

ASIC bans accountant for good

... chance he could provide sound financial services to third parties. ASIC also found he was in breach of sections of the SIS Act when he was a director of Bridlington Nominees. Bridlington was the trustee of the Osborne Superannuation Fund. During his ...

Man convicted over early release super scheme

... access their superannuation money early for a commission after making false and misleading statements to them. Under the SIS Act 1993 these people were not eligible to release their superannuation early as they had not reached the retirement age and ...

APRA ousts trustee of Melbourne super fund

... Superannuation Fund after the trustee was found to be operating the fund not in compliance to the requirements of the SIS Act. APRA discovered the funds non-compliance by way of its dissolution scheme for superannuation funds that cannot be contacted. ...

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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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