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Showing 321 - 330 of 344 results for "Early Release"

ASIC bans two advisers

MELANIE TIMBRELL  |  TUESDAY, 25 SEP 2012
ASIC has banned two advisers from providing financial services following breaches including unlawful early release of superannuation benefits. Simon Turudia, formerly an authorised representative of AMP Financial Planning was found to have arranged ...

Govt targets early release schemes; defers SMSF transfer ban

MELANIE TIMBRELL  |  MONDAY, 16 JUL 2012
Promoters of illegal early release superannuation schemes will face tough penalties as part of the Government's Stronger Super reforms. Minister for superannuation, Bill Shorten, announced the crack down targeting schemes promoted as a means of accessing ...

DHS to takeover early super release on compassionate grounds

CLAIRE MCGREAL  |  FRIDAY, 28 OCT 2011
The government has announced a structural shake-up of the early release of superannuation benefits on specified compassionate grounds. From next month, the Department of Human Services (DHS) will take over the administration of the payments from Medicare/DHS ...

APRA drafts new super guidelines

ELISE BURGESS  |  TUESDAY, 13 SEP 2011
... release of benefits on specified compassionate grounds and industry guidelines on handling the risks of illegal early release and identity theft or fraud. APRA said guidance needed to be updated after a high level of legislative changes introduced since ...

Medicare to handle compassionate super payouts

MATT WOODINGTON  |  THURSDAY, 7 JUL 2011
... The government has relieved the Australian Prudential Regulation Authority (APRA) of its duties to administer the early release of superannuation on compassionate grounds, handing the responsibility to Medicare. Only around $1.5 million of super savings ...

ATO shifts gears on SMSF regos

MATT WOODINGTON  |  FRIDAY, 25 FEB 2011
... acknowledged that there had been a 'lot of non-compliance relating to loans coming out of funds' and a high number of early release schemes that 'had been a worry'. The Cooper review had plenty of proposals to strengthen the ATO's position but implementing ...

APRA puts spotlight on super

JOHN MCDULING  |  THURSDAY, 4 NOV 2010
APRA's latest annual report sheds light on some of the challenges facing the superannuation industry, including liquidity management and the valuation of unlisted assets. The regulator said liquidity management remains a lingering problem for many super ...

APRA targets illegal early release on super

RUTH LIEW  |  MONDAY, 8 FEB 2010
Planners should take note of how they can help clients combat the illegal early release (IER) of super benefits, following APRA's letter last week to super fund trustees vulnerable to the practice. In the letter, APRA specifically targets IER involving ...

Cooper Review calls for SMSF structure overhaul

MICHAEL HOBBS  |  TUESDAY, 15 DEC 2009
The Cooper Review has challenged the SMSF sector on how it deals with illegal early release schemes, the credentials of accountants and financial planners that offer advice to SMSFs and whether certain financial assets currently allowed should be banned. ...

Stop illegal early release of super: ASIC

ASIC RELEASE  |  TUESDAY, 1 SEP 2009
ASIC has fired its warning shot on illegal early release on super - and is appealing to trustees to help plug increasing cases spurred by losses from the GFC. ASIC is concerned that the current market conditions are contributing to an increase in the ...