Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 681 - 690 of 2421 results for "Claims"

Few funds immune to ERS

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
... economics about low balance members accessing early release. Dean said ISA research had found about 5% of early release claims left account balances at $0 and it expects that number to go up as the scheme continues. "It's important to understand, the ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
... customers continue to hold and pay premiums for consumer credit insurance policies. "ASIC will continue to collect and publish claims ratios to check how CCI products provide value to consumers and ensure ongoing public transparency," the watchdog said. ...

Mudslinging over FASEA extension continues

HARRISON WORLEY  |  WEDNESDAY, 13 MAY 2020
... those they represent a great disservice by putting out a release with facts they know are untrue." Responding to Jones' claims, Kewin said the association understood Labor's support to have ceased when it floated its amendments to the bill. "Our interpretation ...

Compliance crackdown, consultations on horizon: ASX

ALLY SELBY  |  TUESDAY, 12 MAY 2020
... description of and have been making COVID-19 announcements that have been misleading," he said. One such announcement made claims of a zinc-based sunscreen, which when gargled, could protect against COVID-19, Lewis said. "That's obviously a really ...

ISA, ME Bank issued please explain

ELIZABETH MCARTHUR  |  MONDAY, 11 MAY 2020
... dubious calculations about the impacts of early withdrawal will be examined, as will processes to stop fraud." Despite claims by the super sector that funds have ample liquidity to meet early release applications, Wilson will question ISA on the illiquid ...

Insurer invokes financial hardship policy

ELIZA BAVIN  |  MONDAY, 11 MAY 2020
... the pandemic to recover, and to aid the general functioning of the economy. "ASIC expects insurers to handle insurance claims with utmost good faith and to deal with complaints genuinely, promptly, fairly and consistently," the regulator said. "Insurers ...

ASIC delivers thinly veiled warning

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
... deposits because they may be issued by entities that are not well-capitalised, not protected by the Government's Financial Claims Scheme, and not supervised by the Australian Prudential Regulation Authority (APRA)," the regulator said. "Some are also ...

ERS paused as AFP investigates fraud

ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
... one confirmed case of identity theft. "It has been referred to the AFP, a case of identity theft essentially, where bogus claims have been put through the early release of super scheme," Sukkar said. "This has been an extraordinarily popular scheme. ...

Court to decide OneVue claim over Sargon sale

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... subsidiaries has yielded $29.6 million for its secured creditors including OneVue and Westpac, who will now have their claims decided in court. The sale, which was confirmed yesterday includes Diversa, CCSL, Tidswell and Australian Executor Trustees. ...

Early release of super numbers revealed

ELIZABETH MCARTHUR  |  MONDAY, 4 MAY 2020
... business days. Hostplus told Financial Standard as at close of business on Friday, 24 April 2020, it had received 84,613 claims under the ERS scheme. The fund has paid out a total of $603 million so far, with an average claim of $7134. UniSuper has received ...