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Treasury launches consultation on CSLR breaching sub-sector levy caps

KARREN VERGARA  |  FRIDAY, 1 AUG 2025
Treasury today launched a consultation on the Compensation Scheme of Last Resort (CSLR), considering options on how to deal with estimates that have drastically exceeded sub-sector levy caps. Released late Friday, the consultation paper is seeking feedback ...

Special feature: Shaping private markets

ELIZABETH FRY  |  TUESDAY, 29 JUL 2025
Custodians are stepping up as regulators target super funds' $3.5 trillion private asset rush. Australia's super funds face mounting scrutiny over their rapid shift into private markets, as concerns grow about transparency, valuations and liquidity ...

ASIC loses appeal against Finder Wallet

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
... continues to highlight the ongoing difficulties in regulating products relating to crypto assets. "A range of Australian laws apply to entities giving advice, dealing, providing insurance, or providing other intermediary services for crypto assets that ...

Cbus closes corporate super plan

ELIZA BAVIN  |  WEDNESDAY, 23 JUL 2025
... cost of insurance will increase as Cbus said the significant discount that Corporate Super members receive will no longer apply. "The automatic cover limits that apply in Cbus Corporate Super will no longer apply. The overall maximum cover limits for ...

Betashares acquires InvestSense, launches Trellia Wealth Partners

KARREN VERGARA  |  MONDAY, 14 JUL 2025
... and Paul Carrington will serve as partners. Tolub said Trellia will maintain full investment independence, continuing to apply the proven investment philosophies and processes that clients are accustomed to. "To that end, there will be no change to the ...

Future Group reveals super fund returns, fee changes

ELIZA BAVIN  |  TUESDAY, 8 JUL 2025
Future Group has announced the returns for smartMonday, GuildSuper and Child Care Super while also announcing a fee reduction for smartMonday members. smartMonday super fund has reduced fees across all investment options effective 7 June 2025, delivering ...

Finance news foretells stock market volatility: Study

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
Daily financial news can better predict stock market volatility and deliver more accurate signals about risk than backward-looking macroeconomic data, a new study suggests. University of Auckland finance lecturer Justin J. Case and Queensland University ...

ClearView welcomes underwriting head

MATTHEW WAI  |  MONDAY, 30 JUN 2025
... Person Impairment measure of at least 25% for major head trauma as opposed to Activities of Daily Living. "These enhancements apply to all existing ClearChoice and LifeSolutions policies, as well as to new policies issued before the next Product Disclosure ...

Brite Advisors auditor admits failures, surrenders registration

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
... - including stints at Ernst & Young and KPMG - has surrendered his company auditor registration and pledged to never re-apply, after the corporate regulator uncovered significant audit quality issues in his work. Makowa audited the profit and loss statements ...

Australian Ethical drops fees

ELIZA BAVIN  |  FRIDAY, 27 JUN 2025
... insurance administration costs," Australian Ethical said. "We believe that the introduction of the insurance fee that will apply only to insured members, and the resulting reduction in administration fees for all members, is the most equitable way to ...