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Showing 21 - 30 of 326 results for "SIS"

NAB MySuper class action settlement approved

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
... Supreme Court of Victoria ruled the case invalid saying prospective losses are not considered a loss under s 55(3) of the SIS Act. The case was then moved to the Federal Court, with Maurice Blackburn saying the loss came in the form of the higher fees ...

CSC-backed fund manager to launch in Netherlands

ELIZA BAVIN  |  FRIDAY, 28 FEB 2025
Former Robeco chief investment officer Victor Verberk has partnered with sustainable fixed income credit manager Osmosis to launch Osmosis Investment Management NL in the Netherlands. The Commonwealth Superannuation Corporation and the Oxford Endowment ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
... APRA, however, announced today that it is exploring possible breaches of the Superannuation Industry (Supervision) Act 1993 (SIS Act) by Cbus, with the investigation focused on expenditure management practices. APRA deputy chair Margaret Cole said the ...

Orbis recruits investment specialist

ELIZABETH FRY  |  THURSDAY, 30 JAN 2025
Orbis Investments, the contrarian equity manager with $62 billion assets under management, has hired an investment specialist to work with its local client team. Based in Melbourne, Werner du Preez will oversee Orbis' relationships with research ...

Victorian SMSF auditor fails to overturn disqualification

MATTHEW WAI  |  THURSDAY, 30 JAN 2025
... Islam failed to satisfy the relevant auditing standards on three audit files. It found that Islam failed to perform under the SIS Act, the Superannuation Industry (Supervision) Regulations 1994. In late 2022, the Australian Taxation Office (ATO) selected ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... Supreme Court of Victoria ruled the case invalid saying prospective losses are not considered a loss under s 55(3) of the SIS Act. The case was then moved to the Federal Court, with Maurice Blackburn saying the loss came in the form of the higher fees ...

Cbus lacks stringent director, expenditure policies: Deloitte

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... members that they: Have not been disqualified from acting as a trustee, officer or director of a superannuation entity under the SIS Act; Are not prohibited from being an officer or director of a body corporate under the Corporations Act 2001 (Cth) ...

Monochrome launches Ethereum ETF

ANDREW MCKEAN  |  TUESDAY, 15 OCT 2024
Monochrome Asset Management has launched an Ethereum exchange-traded fund (ETF) on stock exchange Cboe Australia today. The Monochrome Ethereum ETF (IETH) aims to give investors a return that matches the price of Ethereum in Australian dollars; it has ...

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
... O'Connor's disqualification. The regulator alleges O'Connor breached several of the director covenants contained in the SIS Act, including those that require him to act honestly, exercise the same degree of care, skill and diligence as a ...

OnePath Custodians fined $11m for MySuper failures

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... direct default member contributions to a MySuper product. This has unearthed many alleged breaches of section 29WA of the SIS Act," APRA said. APRA said that while many of the additional licence conditions have been met, it is concerned that so many ...