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Showing 11 - 20 of 289 results for "SIS"

Australian Ethical backs infrastructure debt funds

RACHEL ALEMBAKIS  |  FRIDAY, 10 NOV 2023
Australian Ethical has allocated more than $100 million to two infrastructure debt funds that provide finance to renewable energy and social infrastructure projects. Australian Ethical has backed the Infradebt Ethical Fund and the Infradebt Energy Transition ...

Potential reporting relief for trustees: ASIC

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
... and efficiently and/or whether any amendments are required. Currently, section 29QC of the Superannuation Industry Act 1993 (SIS Act) requires that information given to the public by trustees must align with information provided to the Australian Prudential ...

Pepper Money launches SMSF loan offering

CASSANDRA BALDINI  |  MONDAY, 23 OCT 2023
... Further, redraws are available twice a year per the anniversary of the loan, up to $50,000 at a time in accordance with the SIS Act. Residential interest rates typically range from 6.99%, and near-prime rates start at 7.69%. Meanwhile, prime interest ...

The Voice is not at the expense of the economy: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 13 OCT 2023
Treasurer Jim Chalmers has refuted claims that the government's push to incorporate a Voice to Parliament has come at the expense of the economy. Tomorrow, millions of Australians will hit the polls and decide if a First Nations' Voice to Parliament ...

Escala loses bid to restrain former executives

KARREN VERGARA  |  FRIDAY, 13 OCT 2023
Escala Partners failed in its bid to restrain two former senior executives who moved to LGT Crestone Wealth Management from working in financial services and soliciting clients. The Supreme Court of Victoria rejected Escala's application for interlocutory ...

Qantas Super confirms merger plans

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
Having reviewed its current scale and potential for growth, the $8.4 billion superannuation fund has confirmed it intends to explore merger options. Following speculation last week, Qantas Super said the board has reviewed the fund's size, growth ...

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
... and 2023, the super fund failed to have a procedure for identifying and merging multiple member accounts as required by the SIS Act; failed to efficiently identify, escalate or rectify the ongoing issue; didn't promptly identify and merge multiple ...

ASIC proposes five-year extension to DDO

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
... licensee directors from the change of control and ownership provisions of the Superannuation Industry (Supervision) Act 1993 (SIS Act). Effective immediately, this exemption eliminates the need for certain RSE licensee directors to seek approval for ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
... by the member as to where the money should be invested. This occurred from mid-2022 onwards, the regulator said. Under the SIS Act, trustees must direct contributions to a MySuper product where the member has not advised where they should go. In addition ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
... unintentional and contrary to the interests of members," he said. "The duty to identify duplicate accounts under section 108A of the SIS Act provides room for trustees to exclude defined benefit and income stream accounts and places the onus on the trustee ...