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Showing 41 - 50 of 55 results for sis superannuation industry supervision act

Govt targets early release schemes; defers SMSF transfer ban

MELANIE TIMBRELL  |  MONDAY, 16 JUL 2012
... enforce a ban on these transactions by amending subsection 66(2) of the Superannuation Industry (Supervision) Act 1993 (the SIS Act). "This is the section of the Act that allows fund trustees to acquire listed securities from a related party without ...

MySuper proposal ignites storm

ALEX DUNNIN AND RUTH LIEW  |  THURSDAY, 15 APR 2010
... new regulations but a fundamental redesign of the trustee law principle on which the Superannuation Industry Supervision (SIS) Act is built. Michael Vrisakis, partner at Freehills lawyers and long time superannuation legal expert said, "There's nothing ...

Trustees must not be victimised: APRA

APRA RELEASE  |  THURSDAY, 6 AUG 2009
... Baldock committed acts of victimisation contrary to section 68 of the Superannuation Industry (Supervision) Act 1993 (the SIS Act). The employee and the auditor were directors of Australian Enterprise Superannuation Pty Ltd (AES) in its capacity as trustee ...

ATO warns on super loans

WWW.THESHEET.COM  |  MONDAY, 7 APR 2008
... retirement. Super fund trustees have been free to borrow to acquire assets since last September, when an amendment to the SIS Act removed long-standing restrictions on borrowing. The main beneficiaries of this change are expected to be trustees of self ...

Ban default super funds: FPA

ALEX DUNNIN  |  WEDNESDAY, 25 OCT 2006
... central to the Inquiry, Richard Gilbert, IFSA chief executive officer, said, "There may be a need for some 'ring fencing'. SIS [the Superannuation Industry Supervision Act] does not even refer to advice at all."'

APRA charges plastering super director and accountant

KATE HAGE  |  FRIDAY, 21 APR 2006
... chartered accountants, will stand trial over six charges on breaching the Superannuation Industry (Supervision) Act 1993 (SIS). APRA alleges the fund, with 140 members and $3 million in funds under administration, invested in unit trusts which were established ...

ORBITS now suitable for super funds

... investments and alternative investments against the requirements of the Superannuation Industry (Supervision) Act 1998 (the SIS Act) The scope of the review includes an evaluation of the key areas trustees must address if they are to be compliant with ...

Super fund repays financial assistance

... $240,347 that was delivered to the fund by the Commonwealth Government under the Superannuation Industry (Supervision) Act (the SIS Act). The settlement of the debt marks the first time an amount payable of its kind has been refunded. The grant was initially ...

ATO calls on SMSF trustees to get it right

... and referring trustees for prosecution where we believe that there have been serious and intentional contraventions of the SIS Act".

New investment risk tool for SMFSs launched

... managed superannuation do not realize the full extent of their legal obligations for investment strategy under section 52 of the SIS Act," Sinclair says.