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Showing 671 - 680 of 1011 results for "ASF"

SuperStream exposure draft a positive step

ELISE BURGESS  |  MONDAY, 13 FEB 2012
The industry has welcomed the Government's exposure draft legislation and a draft explanatory memorandum, detailing new proposed legislation to improve the administration and management of super accounts through the SuperStream reforms. The draft is ...

Astarra auditor banned for three years

ELISE BURGESS  |  FRIDAY, 10 FEB 2012
... conduct as auditor on the 2008 financial report of Alpha Strategic Fund and the 2009 financial report of Astarra Strategic Fund (ASF). ASIC was concerned that Frazer, of WHK Audit & Risk Assessment, failed to ensure evidence in relation to the existence ...

Super tax concessions in spotlight

MELANIE TIMBRELL  |  MONDAY, 30 JAN 2012
A new government roundtable will see industry groups argue tax concessions are the only way Australians will fully fund their own retirement. Treasurer Wayne Swan and Minister for Financial Services and Superannuation Bill Shorten announced the Superannuation ...

ASFA warns on unseen MySuper outcomes

ELISE BURGESS  |  THURSDAY, 19 JAN 2012
ASFA is wary of potential unseen outcomes from the MySuper legislation Bill, including clashing between regulators and the rise of short-termism, as it predicts pressures on super trustees may trump the long-term interests of members. In a submission ...

NGS Super embraces after-tax benchmarking with FTSE ASFA

ELISE BURGESS  |  WEDNESDAY, 14 DEC 2011
NGS Super has adopted an after-tax benchmark from the industry standard FTSE ASFA Australia Index Series for its $1.3 billion Australian equity portfolio. Using this benchmark, NGS Super will apply an income tax rate for superannuation funds but will ...

Round two of Stronger Super revealed

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
Superannuation industry bodies have until January 13 to make submissions on the second tranche of the government's Stronger Super legislation, unveiled late yesterday. The latest exposure draft follows the introduction of the first part of the Superannuation ...

Industry welcomes Shorten's promotion

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
The new Industrial Relations and Financial Services Minister Bill Shorten said he's delighted his new promotion to Cabinet. Yesterday's reshuffle by the Prime Minister sees Shorten elevated to a senior ministerial position for the first time, while ...

Industry responds to intra fund advice measures

CLAIRE MCGREAL  |  FRIDAY, 9 DEC 2011
There's been a mixed reaction from the industry to yesterday's announcement from the government on intra-fund advice. New ASIC guidelines are also being developed to outline how scaled advice can be provided in accordance with the regulatory protections ...

Christmas deadline for FOFA clarity: ANZ

CLAIRE MCGREAL  |  WEDNESDAY, 7 DEC 2011
ANZ Wealth has warned that Christmas is the "absolute drop dead date" for clarity on FOFA reforms before implementation costs double. Paul Barrett, ANZ general manager advice and distribution, told reporters in Sydney yesterday that time is ticking ...

FOFA implementation time vital: ASFA

CLAIRE MCGREAL  |  THURSDAY, 1 DEC 2011
ASFA is calling for a 12 month "transition period" from the proposed FOFA start date next winter to give the industry time to properly implement the changes. In its submission to the Parliamentary Joint Committee (PJC), the Association of Superannuation ...