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Showing 131 - 140 of 831 results for "Regulations"

APRA consults on approach to combining product histories

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
... draft technical determination that modifies certain return formulae for the performance test contained in the SIS regulations. "This technical determination will operate in limited circumstances by adapting the performance test to reflect a product's ...

Frontier Advisors tops asset consultant ranking

ANDREW MCKEAN  |  MONDAY, 17 APR 2023
... tools, meeting agreed benchmarks, reasonable fees, risk assessment and advice, advice on Your Future, Your Super and regulations, as well as Net Promoter Score. Frontier chief executive Andrew Polson said: "This year's results are close to the best the ...

ASIC cans Binance AFSL

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... Changpeng Zhao, the group's chief executive, and three entities for violating the Commodity Exchange Act and CFTC regulations. The Monetary Authority of Singapore put Binance on an investor alert list, warning them that it did not have a licence to operate ...

Super performance test consultation opens

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... Superannuation Industry (Supervision) Amendment (Your Future, Your Super- Addressing Underperformance in Superannuation) Regulations 2023. Changing the duration of the testing period will examine a superannuation product's performance based on the ...

New Australian digital assets bill to regulate crypto

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
... Stablecoin Issuance. For Digital Asset Exchanges, the Bill proposes minimum capital requirements, participant conduct regulations, and governance measures to ensure transparency and security. It also mandates the segregation of customer funds to protect ...

US regulator sues crypto giant, chief executive

CASSANDRA BALDINI  |  TUESDAY, 28 MAR 2023
... permanent trading and registration bans, and a permanent injunction against further violations of the CEA and CFTC regulations, as charged. In response, Zhao said the CFTC filing was "unexpected" and "disappointing." "Upon an initial review, the complaint ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... capital gains tax, has drawn criticism from a top AFSL. Under the existing Superannuation Industry Supervision (SIS) regulations, retirees must draw a minimum pension amount based on their age when they start an income stream. This minimum amount must ...

Government targets ASX dominance

ANDREW MCKEAN  |  FRIDAY, 24 MAR 2023
... the clearing and settlement services market. Under the proposed legislation, ASIC will have the authority to create regulations to encourage competition while prioritising the safety and effectiveness of emerging competitors. ASIC's rule-making authority ...

The great super cover up is over: Bragg

ANDREW MCKEAN  |  FRIDAY, 10 FEB 2023
The government's controversial superannuation regulations that allowed less transparency in super fund payments to unions have been quashed. A motion from Senators Jacqui Lambie and Nick McKim to disallow the proposed regulations passed in the Senate ...

Government acts to regulate crypto assets

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... elements of the crypto ecosystem require additional regulation. The consultation also looks at current financial services regulations' impact on crypto assets, tokens, networks, and smart contract protocols. "While the industry continues to develop and ...