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Showing 261 - 270 of 792 results for "fraud"

Super must come together over cybercrime

HARRISON WORLEY  |  THURSDAY, 14 MAY 2020
... officer Michelle Bower has urged the super industry to take a unified approach to dealing with cybercrime, in the wake of fraud attempts on the government's Early Release Scheme. According to Bower, a unified approach will help to protect the industry ...

Compliance crackdown, consultations on horizon: ASX

ALLY SELBY  |  TUESDAY, 12 MAY 2020
... said. "I think that's been relatively successful, because we haven't had anywhere near the level of crypto-related fraud and controversies that other markets have had." Lewis also revealed the ASX's temporary emergency capital raising relief ...

APRA releases fund-level ERS data

JAMIE WILLIAMSON  |  MONDAY, 11 MAY 2020
... paused to allow for enhancement of ATO systems and to assist an Australian Federal Police investigation into instances of fraud. Applications made via the ATO on Friday, May 8 have already been passed on to super funds, Assistant Treasurer Michael Sukkar ...

ISA, ME Bank issued please explain

ELIZABETH MCARTHUR  |  MONDAY, 11 MAY 2020
... Australia in publishing dubious calculations about the impacts of early withdrawal will be examined, as will processes to stop fraud." Despite claims by the super sector that funds have ample liquidity to meet early release applications, Wilson will ...

ERS paused as AFP investigates fraud

ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
... said. "It's being investigated by the AFP, but I emphasise, these are not a compromise of ATO systems. These are flat out fraud." Sukkar said that while the applications being sent to funds are paused, they will resume next week to allow time for a proper ...

Early release applications top $9bn

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... have been flagged for extra verification as part of the processes we have in place to keep members' money safe from fraud and money laundering," Rest chief executive Vicki Doyle. "These applications will likely extend beyond the five day period and ...

AFP investigates ERS scams

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
The Australian Federal Police are investigating a small number of scams in relation to the government's Early Release of Super scheme. The Australian Taxation Office said measures designed to protect the integrity of the early access to super scheme ...

Super funds release $1.3bn

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
... days, however, recognises it may not be practicable in all cases. Rowell said processes may be slower as trustees conduct fraud checks, and fulfil their legal obligation to look out for the best interests of all fund members. "APRA is closely monitoring ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... process will mean that for the majority of applications it will be reasonable for RSE licensees to depart from their usual fraud control measures in order to ensure payments are made to members as soon as practicable. "

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
The scattergun approach of fraudsters looking to cash in on the early release of unaware Aussie's super has backfired, with one scammer copping an earful from a financial planner he tried to swindle. Fraudsters are posing as agents from superannuation ...