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Showing 21 - 30 of 199 results for "Fairness"

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... participants, and yet the government is keeping all the proceeds - then this breaches really fundamental principles of fairness and equity." Abood added that it is "deeply unfair to proceed to charge advisers using a model that is already acknowledged ...

FSCP hands down second order, audits adviser

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023
... and misleading statements and breached the Code of Ethics, such as the duties of trustworthiness, competence, honesty, fairness, and diligence. As a result, the panel has forced Mr. M to be supervised by an independent person with expertise in financial ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... against three pillars that have the aim of operating a well-functioning financial system: efficiency, resilience, and fairness. One example of an APRA metric assesses the number of MySuper members in a high-fee, poor-performing super funds. A metric ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... on the branch. "The higher earnings tax on super balances in excess of $3 million would help ensure sustainability and fairness remained central to the system," commented Aware Super chief executive Deanne Stewart. "But ideally the budget would have ...

High Court rejects Mayfair 101 plea

JAMIE WILLIAMSON  |  MONDAY, 24 APR 2023
... 2022, the Full Federal Court ordered a retrial after it found ASIC's original case against Mawhinney lacked procedural fairness. Rather than have the case remitted to the lower court, Mawhinney launched a special leave application to the High Court. ...

AFCA chief to serve second term

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... system, and it is a great privilege to lead such an amazing group of people who are passionate about access to justice and fairness to all," he said. Locke added that the authority expects to register about 100,000 complaints this financial year, up ...

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
... items included in a member's total superannuation balance that shouldn't be subject to this new tax for reasons of fairness, equity, and avoiding unintended consequences; unrealised capital gains are at the top of the list. Burgess highlighted that ...

Pay gap bill passes, effective next year

CASSANDRA BALDINI  |  FRIDAY, 31 MAR 2023
... employer's pay gaps, starting in early 2024. Following the announcement, Prime Minister Anthony Albanese said in a post, fairness doesn't just happen by itself. "We need to work hard to make it happen. We won't just sit back and wait, hoping ...

Court fines ANZ for dodgy introducer program

KARREN VERGARA  |  MONDAY, 13 MAR 2023
... program and has made changes to its home loan processes." "As part of the settlement, ANZ has agreed that its Customer Fairness Advisor will conduct a review of its Home Loan Introducer Program." ASIC deputy chair Sarah Court commented: "By failing to ...

Unindexed cap forecast to impact 500k people

CASSANDRA BALDINI  |  FRIDAY, 3 MAR 2023
... today's dollars, a 30-year-old will have a real cap of around $1 million, calling into question the intergenerational fairness of an unindexed cap." Briggs added caps in the superannuation system are indexed to ensure generational fairness so that each ...

Editor's Choice

Funds SA appoints chief investment officer

ANDREW MCKEAN
Funds SA has appointed a new chief investment officer, who will join from Hostplus, to commence in February 2025.

Australian Retirement Trust appoints new chief risk officer

ANDREW MCKEAN
Australian Retirement Trust (ART) has appointed a new chief risk officer that's set to start in March 2025.

UniSuper has 'some work to get on with' on cyber front: Chair

JAMIE WILLIAMSON
UniSuper's leadership team has touched on how the fund is strengthening its operations following the extensive system outage in May this year.

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA
Lax superannuation laws make it too easy for perpetrators of domestic violence to access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found.

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