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Showing 41 - 50 of 2203 results for %22Trustees Australia%22

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... Financial Services Guide (FSG) (Recommendation 10). The legislation aims to clarify the legal basis in which superannuation trustees can charge individual members for financial advice from their account, as well as clarify any tax consequences (Recommendation ...

Adviser levy discount amounts to $8m saving

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
... enforcement activities, paying more than listed companies that are apportioned $42,999,175. In other sectors, superannuation trustees will fund regulator activities with $29,603,269 in total. ASIC did not respond to Financial Standard 's request ...

Potential reporting relief for trustees: ASIC

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
... Currently, section 29QC of the Superannuation Industry Act 1993 (SIS Act) requires that information given to the public by trustees must align with information provided to the Australian Prudential Regulation Authority (APRA). The ASIC Class Order [CO ...

XTBs to be delisted following collapse

CASSANDRA BALDINI  |  TUESDAY, 7 NOV 2023
Equity Trustees has given notice that it intends to wind up the trust that underlies the collapsed Australian Corporate Bond Company (ACBC), requesting Cboe Australia allow it to delist its exchange-traded bond (XTB) products. Cboe has agreed in principle ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... that between October 2017 to April 2023, BTFM and WSAL failed to adhere to several obligations owed as superannuation trustees and that WLIS was knowingly concerned with the alleged contraventions. The quantum of the claim is unspecified. Westpac announced ...

Hejaz rolls out Australia's first Sukuk ETF

ANDREW MCKEAN  |  THURSDAY, 2 NOV 2023
... interest. Notably, according to Shariah principles, neither the earning nor the payment of interest is allowed. Equity Trustees will serve as trustee for the ETF, while Apex Financial Services will act as both administrator and custodian, and Nine Mile ...

MLC Life names operations, people chiefs

KARREN VERGARA  |  TUESDAY, 31 OCT 2023
... industry-leading technology we need to offer an even better experience for advisers and customers, as well as super funds, trustees and their members." Griffin added that Miller joining from one of Australia's largest industry super funds means her experience ...

'Critical shortcomings' demand urgent action from trustees: APRA

ANDREW MCKEAN  |  TUESDAY, 31 OCT 2023
... examination by APRA and ASIC on 15 trustees' progress in implementing the Retirement Income Covenant that found that while trustees are working to improve retirement strategies for fund members, the pace lacked the urgency the current situation demands. ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
... by service providers and others," ASIC deputy chair Sarah Court said. "ASIC will continue to work with superannuation trustees emphasising the importance of risk management when dealing with third-party providers and others." Meantime, in a statement ...

WAM launches unit trust, names RE

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
Wilson Asset Management (WAM) selected Equity Trustees (EQT) to be responsible entity for the Wilson Asset Management Leaders Fund. The fund is an actively managed investment portfolio, comprised of 45-80 large-cap companies listed predominately on ...