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Showing 151 - 160 of 1083 results for "Commissioner"

ASIC continues to reprimand SMSF auditors

CHLOE WALKER  |  MONDAY, 24 JUL 2023
... 413 SMSF auditors have had their licences cancelled as part of ASIC's recent compliance program. According to ASIC commissioner Danielle Press, in the last year ASIC has acted against 26 SMSF auditors who failed to meet the independence and auditing ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... step up and deliver both well-considered strategies and action to support members in retirement," Cole said. ASIC commissioner Danielle Press reminded super funds that helping members achieve good retirement outcomes is the core business for a trustee ...

ASIC to host CHESS replacement roundtable

CHLOE WALKER  |  MONDAY, 17 JUL 2023
... The roundtable is expected to be hosted in August and chaired by ASIC chair Joe Longo, who will be joined by ASIC commissioner Danielle Press and incoming Reserve Bank of Australia governor Michele Bullock. ASIC's initiative follows longstanding ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... have a process for checking for existing accounts on account creation despite not being required to. Still, ASIC commissioner Danielle Press said the failures identified were troubling. "It shouldn't take an ASIC review for super trustees to comply with ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
... kept in suitable accounts, were not held for the required period, or were not properly identified or disclosed. ASIC commissioner Danielle Press explained that, as providers of financial products, trustees have a responsibility to secure incoming funds ...

No regrets: Hayne reflects on Royal Commission

KARREN VERGARA  |  TUESDAY, 30 MAY 2023
... financial services sectors. Making a rare appearance at the International Congress of Actuaries in Sydney this morning, Commissioner Hayne said he has no regrets about how he helped reform the banking, superannuation, life insurance and financial advice ...

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... introduced legislation aimed at ensuring no veteran pays higher income taxes as a result of the Federal Court decision in Commissioner of Taxation v Douglas (Douglas decision). The Douglas decision found that certain veterans' invalidity pension ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... SMSFs in existence, 25% are operated by private wealth groups, according to Australian Taxation Office assistant commissioner for self-managed superannuation funds risk and strategy Justin Micale. Micale told a recent tax conference that inappropriate ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
... stronger stipulations. Broadly, three new stipulations have been recommended: the introduction of a federal Anti-Slavery Commissioner, mandatory due diligence reporting, and financial penalties for companies that do not adequately disclose and manage ...

ASIC warns super funds on member communication failure

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... Super), EISS Super (Pool A), SCS Super (Australian Catholic Superannuation and Retirement Fund LifetimeOne). ASIC commissioner Danielle Press warned trustees that fail the performance test need to get the balance right in their communications and "need ...