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Showing 211 - 220 of 539 results for "Supervision"

AMP MDA constraints frustrate advisers

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... Danielle Press said at the time the conditions were imposed: "ASIC expects to see improvements in the standards of supervision, conduct and compliance across the financial advice industry, and the imposition of additional licence conditions is part of ...

Australian equity markets remain clean: ASIC

KRISTI CHENG  |  THURSDAY, 1 AUG 2019
... to current measures, the commission will monitor historical trading behavior ahead of MPSAs to enhance their market supervision work. ASIC used two methods to measure cleanliness, looking out for abnormal pre-announcement price moves in short time windows ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... services when selecting or retaining a default super fund provider is illegal. Section 68A the Superannuation Industry (Supervision) Act 1993 was recently amended to facilitate the provision. The new law is also part of the Treasury Laws Amendment (Improving ...

Industry not impressed with APRA

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
... increased focus on risk culture had made a positive impact on their entity, and the same amount believing APRA's supervision enhances their financial and operational strength. APRA chair Wayne Byres said the survey was an important tool for the regulator ...

ATO clarifies SMSF death benefit income streams

KARREN VERGARA  |  MONDAY, 22 JUL 2019
... ceases because the minimum amount hasn't been paid, the trustees may have contravened the Superannuation Industry (Supervision) Regulations 1994, the ATO warned. If a breach occurs, trustees must act swiftly to prevent other potential by ensuring ...

APRA forced to overhaul culture, capabilities

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... report said. To help overcome these issues, the report recommended establishing a new Superannuation Division under the supervision of an executive general manager. Key objectives of the new division, which complements APRA's member outcomes initiatives ...

ASIC boosts AFSL application requirements

HARRISON WORLEY  |  MONDAY, 8 JUL 2019
... will also be impacted, with ASIC set to request non-core proofs of compliance arrangements, programs for monitoring supervision and training of representatives and a risk management statement. Life insurers and life insurance underwriters will need to ...

APRA warns trustees on PYSP deadline breach

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
... activity." The Federal Government has told APRA it will pursue further amendments to the Superannuation Industry (Supervision) Act 1993, which underpins the PYSP legislative reforms. One amendment includes aggregating members' interests in one or ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
... structure will not impede the ability of the RSE to meet its fiduciary obligations under the Superannuation Industry (Supervision) Act 1993. The interested buyer must complete a change of control application form, answering questions that include its ...

AMP Super, board slapped with licence conditions

KARREN VERGARA  |  FRIDAY, 14 JUN 2019
... the new directions and conditions. "The action arises from issues identified during APRA's ongoing prudential supervision of AMP Super, along with matters that emerged during the Royal Commission into Misconduct in the Banking, Superannuation and ...