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Showing 21 - 30 of 539 results for "Supervision"

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... potentially similar legacy exposures, the group has implemented enhanced risk management, compliance monitoring, and adviser supervision frameworks across its licensee and adviser services division," the firm said. Sequoia recently hired Sophie Chen ...

Diversa to 'vigorously defend' ASIC allegations

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
... Diversa is seeking financial assistance from the federal government under Part 23 of the Superannuation Industry (Supervision) Act 1993 (Cth). Diversa said it is currently in the process of preparing its Part 23 application and expects to submit the ...

Former ASIC supervisor joins crypto platform as operating chief

MATTHEW WAI  |  MONDAY, 1 DEC 2025
... market structure roles such as the senior manager for securities and strategies. During his time at ASIC, he led the supervision of financial markets and managed compliance applications for Australian Market Licences, to which, Coinbase said Judd will ...

ASIC takes SMSF auditor to court for continuing work despite ban

RIDDHIMA TALWANI  |  THURSDAY, 27 NOV 2025
... Convery for acting as an SMSF auditor even after being permanently disqualified under the Superannuation Industry (Supervision) Act (SIS Act) by the regulator last year. ASIC said that Convery continued to act as an SMSF auditor for four tax agents and ...

Majority of SMSF establishments based on bad advice: ASIC

KARREN VERGARA  |  THURSDAY, 6 NOV 2025
... suitability factors and additional SMSF considerations within policies and procedures and have effective monitoring and supervision activities particularly in the pre-vetting process. Kirkland pointed to the collapses of the Shield Master Fund and First ...

Equity Trustees to ask Mulino for help amid First Guardian, Shield fallout

JAMIE WILLIAMSON  |  THURSDAY, 30 OCT 2025
... preparing an application to minister of financial services Daniel Mulino under Part 23 of the Superannuation Industry (Supervision) Act 1993 for financial assistance due to fraudulent conduct and/or theft. "Part 23 of the SIS Act is designed for exactly ...

Netwealth invokes Part 23 of SIS Act in First Guardian response

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
Netwealth has applied to the government for financial assistance under Part 23 of the Superannuation Industry (Supervision) Act 1993 in order to compensate members impacted by the First Guardian failure. This morning, the listed platform and superannuation ...

Super risks continue as advice gets all clear

ELIZA BAVIN  |  FRIDAY, 17 OCT 2025
... rollovers and withdrawals remain a recurring systemic concern. "Members are entitled under Superannuation Industry (Supervision) Regulations 6.34A(2) to have rollovers completed within three business days once all required information is provided. When ...

ASIC seeks compensation for Shield victims from EQT

ELIZA BAVIN  |  MONDAY, 13 OCT 2025
... in accordance with its fiduciary duties and obligations under the Corporations Act and the Superannuation Industry (Supervision) Act," O'Brien said. "ETSL therefore intends to continue to defend the proceeding, including by potentially seeking court ...

ASIC slams licensees' lax offshoring governance

KARREN VERGARA  |  FRIDAY, 10 OCT 2025
... critical the outsourced function, the greater the risks involved. The risks can be exacerbated when there is inadequate supervision of these functions, particularly when they are outsourced internationally," ASIC said. The regulator also warned that ...