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Showing 301 - 310 of 321 results for "SIS"

APRA charges plastering super director and accountant

KATE HAGE  |  FRIDAY, 21 APR 2006
... chartered accountants, will stand trial over six charges on breaching the Superannuation Industry (Supervision) Act 1993 (SIS). APRA alleges the fund, with 140 members and $3 million in funds under administration, invested in unit trusts which were established ...

AES member funds safe

... trustees, custodians and investment managers in super after each failed to provide due care and diligence as required under the SIS Act 1993. Specifically, APRA said they failed to appropriately manage conflicts of interest and failed to ensure that ...

FPA "Good Advice" campaign starts on TV this week

The first TV advertisements in the Financial Planning Association's (FPA) Value of Advice campaign will start screening this week on morning television. Channel 7's Sunrise program is the first place where the ads will be seen, but subsequently over ...

ORBITS now suitable for super funds

... investments and alternative investments against the requirements of the Superannuation Industry (Supervision) Act 1998 (the SIS Act) The scope of the review includes an evaluation of the key areas trustees must address if they are to be compliant with ...

Super fund repays financial assistance

... $240,347 that was delivered to the fund by the Commonwealth Government under the Superannuation Industry (Supervision) Act (the SIS Act). The settlement of the debt marks the first time an amount payable of its kind has been refunded. The grant was initially ...

ATO calls on SMSF trustees to get it right

... and referring trustees for prosecution where we believe that there have been serious and intentional contraventions of the SIS Act".

New investment risk tool for SMFSs launched

... managed superannuation do not realize the full extent of their legal obligations for investment strategy under section 52 of the SIS Act," Sinclair says.

APRA investigation leads to criminal charges

... Prudential Regulation Authority (APRA). Three of the five face charges under the Superannuation Industry (Supervision) Act 1993 (SIS Act) relating to contraventions of the sole purpose test, an alleged scheme to avoid the in-house asset rules and allegedly ...

ASIC and APRA move to streamline intra-fund transfers

... was developed with APRA and applies to approved trustees under Part 2 of the Superannuation Industry (Supervision) Act 1993 (SIS Act) or any trustee holding an RSE licence under Part 2A of the SIS Act. "Addressing legacy products and systems issues is ...

ASIC bans accountant for good

... little chance he could provide sound financial services to third parties. ASIC also found he was in breach of sections of the SIS Act when he was a director of Bridlington Nominees. Bridlington was the trustee of the Osborne Superannuation Fund. During ...