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Showing 51 - 60 of 935 results for "Compensation"

Unit pricing errors hit two Mercer funds

KARREN VERGARA  |  TUESDAY, 14 APR 2026
... investors have not been disadvantaged." Mercer declined to comment on what caused the unit pricing error and what the compensation amounted to. The fund passively invests in global listed property shares using a single investment manager. It has about ...

Super Consumers Australia raises concerns over Treasury reforms

RIDDHIMA TALWANI  |  THURSDAY, 9 APR 2026
... measures and those that will harm victims. It raised concerns over the proposal to remove the 'but for test' from the Compensation Scheme of the Last Resort (CSLR), calling it 'deeply unfair'. Treasury proposed a series of reforms yesterday to curb dubious ...

Treasury proposes lead generator, super switching reforms

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... losses attributable to ordinary investment performance or market volatility." "Limiting the platform trustee's compensation obligation to 'eligible losses' would help clarify that the obligation is not intended to eliminate ordinary investment ...

Treasury opens CSLR funding, sustainability consultation

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
Treasury has opened its long-awaited consultation on the sustainability of the Compensation Scheme of Last Resort (CSLR) and the best way for the industry to fund it. Minister for financial services Daniel Mulino is seeking options on how the CSLR can ...

Binance Australia to pay $10m over deliberate customer misclassifications

MATTHEW WAI  |  MONDAY, 30 MAR 2026
... ordered Binance to contribute to ASIC's costs. The penalty comes in addition to approximately $13.1 million in compensation paid to the affected clients, which ASIC oversaw in 2023. Commenting, ASIC chair Joe Longo said Binance failed to impose basic ...

Law blocking abusers from hiding assets in super enters parliament

ELIZA BAVIN  |  WEDNESDAY, 25 MAR 2026
... which seeks to prevent convicted child sexual abusers from hiding their assets in superannuation to avoid paying compensation to their victims. Minister for financial services Daniel Mulino said the reforms improve transparency, reduce uncertainty, and ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... manager of advice and policy Phil Anderson is optimistic that meaningful reforms addressing major issues, such as the Compensation Scheme of Last Resort (CSLR) and Part 23 of the SIS Act, will come through this year. Anderson is also hopeful that reforms ...

Government looks to better define roles of regulators

ELIZA BAVIN  |  THURSDAY, 19 MAR 2026
... platforms undertake the right due diligence and stand behind the products they have on their systems. Touching on the Compensation Scheme of Last Resort (CSLR), Mulino acknowledged the scheme has become a "pivotal" part of the broader financial sector ...

Sequoia advances InterPrac takeover talks

KARREN VERGARA  |  WEDNESDAY, 18 MAR 2026
... client was an acknowledgement that it had breached the law. It also said the client should lodge a further claim for compensation with the trustee of Macquarie Super Fund.

Interprac sues AFCA over Shield determination

JAMIE WILLIAMSON  |  TUESDAY, 10 MAR 2026
... client was an acknowledgement that it had breached the law. It also said the client should lodge a further claim for compensation with the trustee of Macquarie Super Fund. AFCA determined Interprac was still at fault given the advice to invest more than ...