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Showing 281 - 290 of 326 results for "SIS"

MLC wins Sisters of Mercy mandate

COMPANY RELEASE  |  TUESDAY, 22 SEP 2009
The Sisters of Mercy Staff Superannuation Scheme has appointed MLC Group Insurance as its new insurer. The scheme, which had $372 million at the end of June last year, will see MLC provide upgrades to benefits and cover for members. "When we put our ...

Trustees must not be victimised: APRA

APRA RELEASE  |  THURSDAY, 6 AUG 2009
... Baldock committed acts of victimisation contrary to section 68 of the Superannuation Industry (Supervision) Act 1993 (the SIS Act). The employee and the auditor were directors of Australian Enterprise Superannuation Pty Ltd (AES) in its capacity as trustee ...

IFS adds three super funds

MICHAEL HOBBS  |  TUESDAY, 21 JUL 2009
Industry Funds Services (IFS) has added the Sisters of Mercy Staff Superannuation, AUST(Q) and CONNECT Super to its client list. David Haynes, general manager at IFS, said the three super funds had signed on this year. This comes after Industry Fund ...

One in six DB funds in trouble: APRA

ALEX DUNNIN  |  FRIDAY, 15 MAY 2009
... lenders. "If the assets fall below the statutory minimum level, a technical insolvency position will arise, triggering under SIS, a statutory rectification process involving actuarial oversight," said Venkatramani.

Pearce calls for trauma in super

MICHAEL HOBBS  |  MONDAY, 4 MAY 2009
... benefits in superannuation, however trauma is not because the insurance does not conform to the release requirements of the SIS Act. Speaking at the Lifewise launch in Sydney on Friday, Pearce said it is time to consider including trauma in superannuation. ...

Gilbert to retire

MICHAEL HOBBS  |  THURSDAY, 9 APR 2009
... of the Superannuation Guarantee, greater disclosure of commissions by life insurance agents and what would later become the SIS Act. Gilbert then joined the Credit Union Services Corporation as general manager of wholesale distribution in the mid-1990s ...

SMSF trustee fails sole purpose test

RUTH LIEW  |  WEDNESDAY, 12 NOV 2008
... Castlecrag, New South Wales, appeared in the Downing Centre Local Court after being charged under sections 62 and 202 of the SIS Act. ASIC found he had failed to ensure a self-managed superannuation fund known as the Little Super Fund (LSF) was maintained ...

Sisyphian challenge

BENJAMIN ONG  |  TUESDAY, 11 NOV 2008
Like the mythical king Sisyphus, fiscal and monetary authorities continue to push a huge boulder up a hill only to watch it roll back down. But while Sisyphus rolled the same rock over and over, the global boulder authorities are trying to push over ...

Trustee education top issue for SMSFs: Pearce

ALEX DUNNIN  |  TUESDAY, 28 OCT 2008
... presented to Parliament last year indicated that an estimated 10 per cent of SMSFs were likely to be non-compliant with their SIS Act requirements. "The troubling aspect of the trustee issue is that while self managed superannuation can be a very effective ...

Market Wrap - Morning

AAP  |  THURSDAY, 7 AUG 2008
The Australian stock market is expected to open relatively flat today, but may rise slightly after oil continued to slide. At 0750 AEST, the September share price index futures contract on the Sydney Futures exchange was 15 points higher at 4,986. Today's ...