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Showing 641 - 650 of 6879 results for "Act 2001"

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
The Australian Prudential Regulation Authority (APRA) has published its latest corporate plan as well as some changes to its internal structure. The corporate plan outlines how the regulator will maintain the "strength and stability of Australia's banks ...

Heightened costs push young Aussies to plan ahead: HESTA

MATTHEW WAI  |  TUESDAY, 27 AUG 2024
Close to half of those aged 18 to 39 are taking more action for their retirement in light of heightened cost-of-living pressures, a HESTA study reveals. These actions include salary sacrificing and using online calculators to keep track of their superannuation. ...

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
BUSSQ will challenge what it calls "unnecessary and potentially impractical" licence conditions imposed by APRA, which were sparked by allegations of serious misconduct within the CFMEU and concerns about its potential impact on the super fund. The ...

CSC launches series of retirement options

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
Commonwealth Superannuation Corporation (CSC) has gone live with its retirement income strategy, unveiling a suite of retirement resources. The super fund said it's among the first to go beyond merely publishing information about what a strategy might ...

Retirees not confident in Age Pension: Allianz Retire+

MATTHEW WAI  |  FRIDAY, 23 AUG 2024
Some 82% of retirees and pre-retirees believe the Age Pension is insufficient, new study shows. A new survey from Allianz Retire+, How do we make retirements more epic?, found that 82% of retirees and pre-retirees believe the Age Pension is insufficient ...

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
Liberal senator Andrew Bragg has introduced a bill to stop the Housing Australia Future Fund (HAFF) from investing in housing projects financed by Cbus. The bill would amend the Housing Australia Future Fund Act 2023 to include an additional limitation ...

Cost of 'comfortable retirement' increases again: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 21 AUG 2024
The cost of a comfortable retirement increased by about 1% last quarter, with couples aged 65 now needing $73,337 per year, and singles requiring $52,085, according to the latest data from the Association of Superannuation Funds of Australia (ASFA). ...

Former BBY employee sentenced for 'dishonest conduct'

MATTHEW WAI  |  WEDNESDAY, 21 AUG 2024
Nine years on from its collapse, the former employee of stockbroking firm BBY has been sentenced to two years and six months after being convicted of aiding and abetting. ASIC alleged that Yat Nam (April) Yuen had facilitated the transfers of client ...

Rest cuts investment options

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
Rest has announced a raft of changes to its investment menu, including a reduction in the number of investment options from 15 to nine. From September 30, the super fund will streamline its investment menu in a move it said will make the selection process ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
In a first for ASIC, Libertas Financial Planning's AFS Licence (AFSL) has been revoked for its failure to pay compensation as ordered by the Compensation Scheme of Last Resort (CSLR). Libertas, which went into liquidation in September 2023, failed ...