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Showing 131 - 140 of 539 results for "Supervision"

Economics Committee to examine rainy day funds

CHLOE WALKER  |  TUESDAY, 8 FEB 2022
... the rainy day funds created by superannuation funds following recent amendments made to the Superannuation Industry (Supervision) Act 1993. The hearing, scheduled for February 10, is part of the committee's ongoing review of the four major banks ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
The prudential regulator has outlined its policy and supervision priorities for 2022, saying its prime focus is rectifying sub-standard industry practices and eradicating unacceptable product performance. Released yesterday, APRA said it will continue ...

ASIC unveils details of FSCP operations

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
... Better Advice Bill will have the power to direct financial advisers to undertake specified training, counselling or supervision and report certain matters to ASIC. It may also suspend or cancel a financial adviser's registration, issue infringement notices ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... Funds of Australia's (ASFA's) virtual event, APRA executive board member Margaret Cole said that APRA's active supervision of underperforming MySuper products over the past two years has driven substantial benefits to members in the shape of ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... years to cover more of the sector. Executive board member Margaret Cole said APRA would now further intensify its supervision on the trustees of products that had been shown up on the heatmaps as delivering sub-standard member outcomes. "Superannuation ...

APRA, ASIC provide annual update

CHLOE WALKER  |  THURSDAY, 16 DEC 2021
... strengthen cooperation on enforcement matters. More generally, information sharing, ranging from sharing insights from supervision activities to formal exchanges of relevant information (including in relation to enforcement matters) continues to be central ...

RBA names head of payments policy

ANNABELLE DICKSON  |  THURSDAY, 25 NOV 2021
... deputy head, financial markets infrastructure in payments policy department. In this role, he was responsible for the supervision of systemically important clearing and settlement facilities and payment systems operating in Australia. At the RBA, Connolly ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... matters additional to those" addressed by that action, that may have been breaches of the Superannuation Industry (Supervision) Act 1993 (SIS Act). According to documents, the CEU does not intend to deal with issues that are currently the matter of Federal ...

Cbus to create rainy day fund to cover fines

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
... rules to create a special pool of capital to pay any future fines. Following changes to the Superannuation Industry (Supervision) Act in response to the Royal Commission, many profit-to-members funds will have to restructure the way they pay penalties. ...

Super unit boosts Equity Trustees performance

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... strength as well as improving transparency," he said. In total, the firm's funds under management, administration and supervision (FUMAS) jumped 43% to $144 billon, its full-year results to June 2021 show. Total FUMAS was also boosted by the corporate ...