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Showing 401 - 407 of 407 results for "defined benefit"

ASIC puts super sponsors under the spotlight

... Standard AASB 1028 'Employee Entitlements', in order to identify companies that are corporate sponsors of an employee defined benefit superannuation or pension plan. ASIC will then assess the company's accounting policy applied to the deficit of that ...

Fund managers responding to customer demands: KPMG

... Australian firms against their overseas counterparts, KPMG said regulatory pressures, IT spending, the move away from defined benefit schemes and the supply of skilled business leaders appeared to be less pressing. But brand recognition was a more important ...

Increase in Government unfunded super liabilities may cause super vacuum

... all levels of government are working hard to reduce their unfunded liability exposure by either closing their defined benefit funds or winding down entitlements for new employees". The escalating figures have been attributed to volatile equity markets ...

IFSA gives thumbs up to draft Superannuation Bill

... said. The draft Bill also proposes that APRA be provided with enhanced powers to address funding shortfalls in defined benefit funds, she added. The closing date for comments on the draft of the Bill is 11 July 2003. The Bill will be introduced into ...

BHP Billiton and Gilbertson settle on $12.43 million payout

... termination payout that could see the former chief executive officer pocket up to $12.43 million-in addition to defined benefit superannuation payments of $1.51 million per annum. Gilbertson will be receive an upfront payment of GBP4,069,605 (A$10.2 ...

ASIC/CSA launch survey on defined benefit super schemes

... sponsors for the reporting of assets or liabilities, and revenues or expenses, for the surpluses or deficits in the defined benefit superannuation plans of their employees," said ASIC chief accountant Greg Pound. "This survey will identify whether regulatory ...

APRA urges increase in DB funding as solvency levels fall

The Australian Prudential and Regulation Authority (APRA) is urging superannuation trustees and employers in Defined Benefit (DB) funds to increase their level of funding after finding that falling equity markets had decreased solvency rates. Although ...