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Showing 11 - 20 of 899 results for "Compensation"

Law blocking abusers hiding super assets passes parliament

VINNY VUCAGO  |  FRIDAY, 15 MAY 2026
... survivors of child sexual abuse to access the superannuation assets of convicted offenders who fail to pay court ordered compensation. Assistant treasurer and minister for financial services Daniel Mulino said the Treasury Laws Amendment (The Survivors ...

Advice industry can't afford CSLR to be an 'unsustainable mess': FAAA

MATTHEW WAI  |  FRIDAY, 8 MAY 2026
A recent survey conducted by the Financial Advice Association Australia (FAAA) shows the Compensation Scheme of Last Resort (CSLR) levy will increase the cost of financial advice and may see a significant departure of advisers from the industry. The ...

Income support system cannot handle claims surge: CALI

VINNY VUCAGO  |  WEDNESDAY, 6 MAY 2026
... fragmented system. The report identifies 11 separate income support streams, including employer sick leave, workers compensation, social security, life insurance, and early access to superannuation. This complexity, combined with a rising demand, is ...

FEATURE: Fixed income | Adjusting the lens

PENNY PRYOR  |  TUESDAY, 5 MAY 2026
... spreads have pretty much reached the tightest levels we've seen since maybe pre-GFC, maybe of all time. Meaning the compensation for default is very low, but defaults have also been low," he says. Rauch also notes an insatiable demand for public ...

Unit pricing errors hit two Mercer funds

KARREN VERGARA  |  TUESDAY, 14 APR 2026
... investors have not been disadvantaged." Mercer declined to comment on what caused the unit pricing error and what the compensation amounted to. The fund passively invests in global listed property shares using a single investment manager. It has about ...

Super Consumers Australia raises concerns over Treasury reforms

RIDDHIMA TALWANI  |  THURSDAY, 9 APR 2026
... measures and those that will harm victims. It raised concerns over the proposal to remove the 'but for test' from the Compensation Scheme of the Last Resort (CSLR), calling it 'deeply unfair'. Treasury proposed a series of reforms yesterday to curb dubious ...

Treasury proposes lead generator, super switching reforms

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... losses attributable to ordinary investment performance or market volatility." "Limiting the platform trustee's compensation obligation to 'eligible losses' would help clarify that the obligation is not intended to eliminate ordinary investment ...

Treasury opens CSLR funding, sustainability consultation

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
Treasury has opened its long-awaited consultation on the sustainability of the Compensation Scheme of Last Resort (CSLR) and the best way for the industry to fund it. Minister for financial services Daniel Mulino is seeking options on how the CSLR can ...

Binance Australia to pay $10m over deliberate customer misclassifications

MATTHEW WAI  |  MONDAY, 30 MAR 2026
... ordered Binance to contribute to ASIC's costs. The penalty comes in addition to approximately $13.1 million in compensation paid to the affected clients, which ASIC oversaw in 2023. Commenting, ASIC chair Joe Longo said Binance failed to impose basic ...

Law blocking abusers from hiding assets in super enters parliament

ELIZA BAVIN  |  WEDNESDAY, 25 MAR 2026
... which seeks to prevent convicted child sexual abusers from hiding their assets in superannuation to avoid paying compensation to their victims. Minister for financial services Daniel Mulino said the reforms improve transparency, reduce uncertainty, and ...