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Showing 231 - 240 of 326 results for "SIS"

CommInsure launches tailored SMSF insurance product

JAMES FERNYHOUGH  |  MONDAY, 5 MAY 2014
... its Total Care Plan Super product, updated to meet the new requirements in the Superannuation Industry (Supervision) Act (SIS Act), which come in to force on 1 July this year. One of its central features is 'Split TPD', whereby policyholders will have ...

New laws target promoters of early release schemes

JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
... age, often involving the improper use of self-managed super funds (SMSFs). While the Superannuation Industry (Supervision) (SIS) Act already stipulates when early release of funds is and is not legal, previously there was no law holding promoters of ...

AMP Flexible Super adds new insurance and investment options

MARK SMITH  |  THURSDAY, 6 MAR 2014
... liquidity requirements," AMP said. Super Protection will be compliant with the incoming Superannuation Industry Supervision (SIS) reforms which take effect 1 July 2014.

Compensation opposed for SMSFs: SPAA

HARRY PAGE  |  FRIDAY, 7 FEB 2014
... according to Slattery. "Although SMSFs don't have access to compensation under the Superannuation Industry (Supervision) Act 1993 (SIS) Act that is available, at the Minister's discretion and only where it is in the public's best interest to approve ...

Combet joins IFM Investors board

JAMES FERNYHOUGH  |  THURSDAY, 21 NOV 2013
Former Labor minister for climate change Greg Combet will take up a position on the board of industry fund-owned investment manager IFM Investors. The appointment comes a month after it was announced that Combet would be taking up a year-long advisory ...

Government must lift annuities impediments: ASFA

JAMES FERNYHOUGH  |  WEDNESDAY, 9 OCT 2013
... longevity risk is crucial," Clare said. Among the list of suggested legislative and regulatory changes, Clare recommended that the SIS regulations be amended to "provide equivalent treatment of post-retirement products offered by life insurance companies ...

Gina Rinehart offers olive branch

AAP  |  MONDAY, 5 AUG 2013
Mining magnate Gina Rinehart has written to her two children, making an offer which she hopes will bring their litigation to an end, a court has heard. Ms Rinehart's barrister, David Russell QC, told the Supreme Court on Monday that the "open letter" ...

TASA may also affect industry super funds

LAURA MILLAN  |  WEDNESDAY, 19 JUN 2013
... analyst Richard Webb said. "Because of the way that funds can collectively charge for advice services under section 99F of the SIS Act, this would capture most services offered by a super fund where the word 'tax' is mentioned," Webb explained. Webb ...

SPAA raises alarm on draft SMSF rules

ALEX DUNNIN  |  WEDNESDAY, 20 MAR 2013
... provisions are unnecessarily complex and will add compliance costs. The new provisions are contained in Schedule 4 of the SIS Act that was presented to Parliament last month but referred to a committee. The committee has just handed down its report. ...

Industry urged to understand changes to transfer rules

BEN COLLINS  |  THURSDAY, 14 FEB 2013
... rules from July this year. From 1 July this off-market transfers will be banned, but Burgess said that it was likely that the SIS act regulations would allow what it called "on-market crossing." This would mean that the only way trustees will be able ...