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Showing 161 - 170 of 465 results for "Supervision"

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... super fund mergers. The Parliament is currently waiting to pass a number of changes to the Superannuation Industry (Supervision) Act (SIS Act), including giving APRA a power to issue directions to RSE licensees. "It may be that, in particular circumstances ...

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... enforcement officers must be relied upon for clear and objective advice and action. Those responsible for continuing supervision of an entity may give too much weight to past good conduct, or may - even subconsciously - explain away conduct that would ...

ASIC cracks down on non-compliant AFSL

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
... responsible for the conduct of their representatives, and ASIC expects licensees to have effective monitoring and supervision arrangements in place to ensure that their representatives comply with the law when providing financial product advice to consumers," ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... Cathie Armour said: "Licensees must have an adequate and appropriate compliance framework to govern the monitoring and supervision of their representatives. We expect all licensees to comply with this and will monitor their compliance closely."

Ausbil ESG strategy advances

DARREN SNYDER  |  THURSDAY, 3 JAN 2019
... that isn't explicit means sustainability is often easy to disregard in the investment process Improved monitoring and supervision of investors' ESG integration practices Ausbil is a signatory to the PRI. It is owned by its employees and multi-affiliate ...

OneVue offloads trustee business

KARREN VERGARA  |  THURSDAY, 20 DEC 2018
... insurance-only superannuation fund. Once completed, Sargon will have over $53 billion of assets under trusteeship and supervision, Kingston said. Sargon has about 120 staff in Australia, New Zealand and Hong Kong.

Frydenberg boosts APRA funding

HARRISON WORLEY  |  MONDAY, 5 NOV 2018
The Federal Government has moved to strengthen supervision of the financial services industry, boosting APRA's funding and reappointing chair Wayne Byres for five years. The prudential regulator will welcome an extra $58.7 million in funding over ...

DomaCom concludes Federal Court action

KARREN VERGARA  |  TUESDAY, 25 SEP 2018
... (trustee of the Benson Fund) to breach the sole purpose test set out in section 62 of the Superannuation Industry (Supervision) Act. Aussiegolfa must pay 40% of the ATO's costs incurred from the first proceeding and the appeal respectively. In relation ...

CommInsure, TAL engaged in troubling conduct: Royal Commission

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... claim for the benefit of a beneficiary" and contravened section 52, subsection (7)(d) of the Superannuation Industry (Supervision) Act. Costello added it was open to the Commissioner to find Rest may have engaged in conduct falling below community standards ...

Royal Commission hears industry fund admitted wrongdoing to ASIC

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
A $52 billion industry superannuation fund admitted to inadvertently breaching the Superannuation Industry (Supervision) Act (SIS Act) in a breach report filed with ASIC on the penultimate day of the Royal Commission's sixth round of hearings. Making ...