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Showing 11 - 20 of 326 results for "SIS"

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON  |  THURSDAY, 18 DEC 2025
... hit to net profit after tax. Netwealth confirmed it has revoked an application it had made last month under Part 23 of the SIS Act, saying it had become evident this was the only way to restore members in a timely manner. Netwealth chief executive and ...

VanEck launches fixed-rate subordinated debt ETF

RIDDHIMA TALWANI  |  MONDAY, 8 DEC 2025
VanEck will launch a fixed-rate subordinated debt ETF on the ASX on December 12. The Australian Fixed Rate Subordinated Debt ETF (FSUB) will complement VanEck's SUBD strategy first introduced in 2019. SUBD currently has a total of $3.17 billion in assets ...

ASIC takes SMSF auditor to court for continuing work despite ban

RIDDHIMA TALWANI  |  THURSDAY, 27 NOV 2025
... for acting as an SMSF auditor even after being permanently disqualified under the Superannuation Industry (Supervision) Act (SIS Act) by the regulator last year. ASIC said that Convery continued to act as an SMSF auditor for four tax agents and 56 entities ...

Equity Trustees to ask Mulino for help amid First Guardian, Shield fallout

JAMIE WILLIAMSON  |  THURSDAY, 30 OCT 2025
Equity Trustees will follow Netwealth's lead and make an application to the government under Part 23 of the SIS Act for help in making First Guardian and Shield investors whole. Speaking at the Equity Trustees annual general meeting today, managing ...

Netwealth invokes Part 23 of SIS Act in First Guardian response

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
... provider said it had applied to minister for financial services Daniel Mulino for financial assistance under Part 23 of the SIS Act on October 24. Part 23 of the SIS Act enables regulated super funds to make applications for financial assistance where ...

Top Australian CIOs revealed

MICHELLE BALTAZAR  |  THURSDAY, 7 AUG 2025
Who have been named in the 2025 top 100 global list of chief investment officers? Five Australian super fund chief investment officers made the grade. Chief Investment Officer, the New York-based sister publication of Financial Standard, this month ...

AustralianSuper taps NYC pension deputy CIO

MATT TOLEDO  |  THURSDAY, 24 JUL 2025
AustralianSuper is expanding its U.S. private equity team, announcing the appointment of Eneasz Kądziela Tuesday. Kądziela was previously deputy CIO and head of private equity of the New York City Retirement Systems, five pension funds that serve ...

TWG Global to acquire LA Lakers: Reports

KARREN VERGARA  |  MONDAY, 23 JUN 2025
Fresh from acquiring a stake in Mubadala Capital, TWG Global will reportedly acquire the LA Lakers for US$10 billion. The Buss family will sell the majority ownership in the LA Lakers to TWG Global and retain a minority stake, according to multiple ...

ART makes sweeping changes to corporate super plans

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
... cover a member can have. ART said to better align the scheme with the Superannuation Industry (Supervision) Regulation 1994 (SIS) definition for the early release of superannuation benefits under a terminal medical condition, the insurance policy definition ...

ASIC grants no-action on deficient advice fees consent

JAMIE WILLIAMSON  |  FRIDAY, 6 JUN 2025
... regulator said it does not intend to take action on a breach of section 962S of the Corporations Act and section 99FA of the SIS Act that it has seen. The issue involved a written consent being given to a client for the fee recipient to deduct or arrange ...