Search Results | Showing 171 - 180 of 465 results for "Supervision" |
| | | ... Nominees failed to act in the best interests of members; a breach of general law duties and the Superannuation Industry (Supervision) Act 1993. In response, NAB chief legal and commercial counsel Sharon Cook said NAB is still assessing the details of ... |
| | | | ... risks. Trustees have to exercise a high standard of care to comply with section 52 of the Superannuation Industry (Supervision) Act, which binds them to act honestly; exercise a degree of care, skill and diligence, as well as act in the members' ... |
| | | | ... unearthed new information that posed serious compliance questions not in accordance with the Superannuation Industry (Supervision) Act. APRA warned namely the trustees of Suncorp, Colonial First State and IOOF it is reviewing material to identify further ... |
| | | | ... superannuation funds have rejected claims they fell below community standards and contravened the Superannuation Industry (Supervision) Act by delaying the transition of members into cheaper MySuper products. In response to recommendations put forth ... |
| | | | ... officer, was awarded $230,000 in STIs which is 6% above his eligible award. Equity Trustees funds under management, supervision and administration grew 21% in FY18 to hit $86 billion. These generated revenue of $88.5 million which is an 11% increase ... |
| | | | ... into cheaper MySuper default products. CFS reported to APRA it breached section 29WA of the Superannuation Industry (Supervision) Act which sets out what happens when a member doesn't elect a MySuper product. The member has either not provided a ... |
| | | | ... clear before sub-funds are not considered in-house assets or related trusts under the SIS (Superannuation Industry Supervision) Act. The full Federal Court found the Sole Purpose Test was not breached when a related party of an SMSF rented a property ... |
| | | | ... in large listed companies, including the deployment of staff on-site. A further $9.4 million will be used to boost supervision of the superannuation sector to improve transparency and member outcomes by way of enhanced audit and enforcement action measures. ... |
| | | | ... called for enhanced powers, saying its experience led it to believe stronger powers can help in achieving enhanced supervision outcomes - even if they aren't necessarily used. Specifically, APRA called for the passage of proposed APRA directions powers ... |
| | | | ... whether the use of members' money meets the sole purpose test and is consistent with the Superannuation Industry (Supervision) Act 1993. Advertising and marketing expenditure, for example, may be on the radar. Such expenditure shouldn't be problematic ... |
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