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Showing 361 - 370 of 2185 results for "Framework"

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... released its first publication of industry-wide data reported under the internal dispute resolution (IDR) data reporting framework, flagging concerns firms are not reporting data accurately. Under the IDR framework, most licensed financial firms are ...

Bullock hints at no rate cut in 2025

ELIZA BAVIN  |  FRIDAY, 29 NOV 2024
Reserve Bank of Australia (RBA) governor Michele Bullock has reaffirmed the central bank's stance that interest rates are likely to stay higher for longer as sticky inflation persists. Speaking at a Centre of Economic Development (CEDA) dinner ...

Swan hits back at Bragg: 'That's wrong of you'

ELIZA BAVIN  |  FRIDAY, 29 NOV 2024
Cbus chair Wayne Swan faced the Senate Economics Committee today to answer questions around the super fund's claim handling delays, governance and payments made to the CFMEU. Cbus is facing legal action from the Australian Securities and Investments ...

Regulators warn of possible issues with FAR reporting

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... insurance and superannuation industries on 15 March 2025. It imposes a strengthened responsibility and accountability framework on APRA-regulated entities, their directors, and most senior executives. The letter outlines observations on the registration ...

Treasury consults on new crypto tax laws

ELIZA BAVIN  |  FRIDAY, 22 NOV 2024
Treasury has opened a new consultation paper on the Crypto Asset Reporting Framework (CARF) to explore whether it should be added into Australian tax law, or if government should customise a policy response. The Organisation for Economic Co-operation ...

Chalmers unveils new superannuation reforms

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... package, and we'll consult on the changes in detail next year," Chalmers said. A new retirement outcomes reporting framework will also commence in 2027. There will also be voluntary principles and best practices for retirement product design. "These ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... question valuations. In a letter to RSEs, APRA reminded super funds of the need to have a robust asset valuation governance framework.

Platinum exec pay hit with second strike

KARREN VERGARA  |  WEDNESDAY, 13 NOV 2024
... voted against a board spill. The board said it has substantially reduced total variable remuneration and redesigned the framework for key executives by 59% compared to the previous financial year as part of the "broad-based turnaround program." This ...

HESTA red flags MinRes for governance failures

ANDREW MCKEAN  |  FRIDAY, 8 NOV 2024
... subsequently placed MinRes on its watchlist, making the resources company subject to the fund's engagement escalation framework - where watchlist companies receive closer direct engagement and monitoring. The engagement escalation framework considers ...

Macquarie reports $1.6bn net profit

ANDREW MCKEAN  |  FRIDAY, 1 NOV 2024
... ongoing investment in our operating platform; a strong and conservative balance sheet; and a proven risk management framework and culture," Wikramanayake said.