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Showing 131 - 140 of 465 results for "Supervision"

APRA considers appeal in IOOF case

ELIZA BAVIN  |  MONDAY, 23 SEP 2019
... alleged IOOF entities, directors and executives had contravened their obligations under the Superannuation Industry Supervision Act. This is the second court loss for financial regulators following the Royal Commission, after ASIC lost its case against ...

Federal Court delivers APRA, IOOF verdict

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2019
The Federal Court of Australia has found IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator. The Federal Court has held that IOOF's Investment Management ...

ASIC prepares to be primary super conduct regulator

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
... better behaviour by trustees to ensure that they act in the best interests of members, by undertaking the necessary supervision and surveillance of superannuation trustees, with more frequent on-site visits," Hughes clarified. "We will also pursue action ...

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... implementation phase for margin requirements by one year to 1 September 2021. After the Basel Committee on Banking Supervision (BCBS) and the International Organisation of Securities Commissions (IOSCO) clarified the documentation, custodial and operational ...

ATO warns of SMSF concentration risk

KRISTI CHENG  |  WEDNESDAY, 14 AUG 2019
... things SMSF trustees have to consider as part of their investment strategy, according to the Superannuation Industry (Supervision) Regulations 1994. In addition to diversity, SMSF trustees are required to "formulate, review regularly and give effect" ...

Byres warns not to spread APRA too thin

HARRISON WORLEY  |  MONDAY, 12 AUG 2019
... review also said we should devote more resources to technology risks, we should devote more resources to superannuation supervision, we should devote more devote more resources to resolution and planning for crises: a range of areas where we should devote ...

AMP MDA constraints frustrate advisers

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... Danielle Press said at the time the conditions were imposed: "ASIC expects to see improvements in the standards of supervision, conduct and compliance across the financial advice industry, and the imposition of additional licence conditions is part of ...

Australian equity markets remain clean: ASIC

KRISTI CHENG  |  THURSDAY, 1 AUG 2019
... to current measures, the commission will monitor historical trading behavior ahead of MPSAs to enhance their market supervision work. ASIC used two methods to measure cleanliness, looking out for abnormal pre-announcement price moves in short time windows ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... services when selecting or retaining a default super fund provider is illegal. Section 68A the Superannuation Industry (Supervision) Act 1993 was recently amended to facilitate the provision. The new law is also part of the Treasury Laws Amendment (Improving ...

Industry not impressed with APRA

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
... increased focus on risk culture had made a positive impact on their entity, and the same amount believing APRA's supervision enhances their financial and operational strength. APRA chair Wayne Byres said the survey was an important tool for the regulator ...