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Showing 51 - 60 of 135 results for "SIS Act"

Lack of independence must be made clear: ASIC

ELIZA BAVIN | TUESDAY, 10 MAR 2020

... entity without "express written authority" to the entity that controls the account. ASIC also recommended changes to the SIS Act for superannuation trustees, following the recommendations from the Royal Commission that advice fees from super choice accounts ...

SMSF auditors in firing line

ELIZA BAVIN | FRIDAY, 14 FEB 2020

... exam. ASIC praised the Australian Taxation Office for its assistance under the Superannuation Industry (Supervision) Act (SIS Act). "ASIC and the ATO work closely together as co-regulators of SMSF auditors," ASIC said. "The ATO monitors SMSF auditor ...

Frydenberg takes RC super advice

HARRISON WORLEY | FRIDAY, 31 JAN 2020

... ASIC's roles in relation to superannuation, and provide ASIC with joint responsibility for enforceable provisions in the SIS Act. "Through our actions today and over the past 12 months since the final report was released, the government has implemented ...

APRA slaps extra conditions on Avanteos

HARRISON WORLEY | WEDNESDAY, 11 DEC 2019

... additional matters of prudential concern." In this instance, APRA is unable to wield its new civil penalty powers under the SIS Act because of the historic nature of the conduct. Avanteos self-reported its breaches to APRA in May 2018, before the Royal ...

APRA responds to industry concerns

ELIZA BAVIN | THURSDAY, 28 NOV 2019

... undertake the required comparison component of the outcomes assessment for each choice product under section 52(10A) of the SIS Act." The regulator said it appreciated the challenges in undertaking the outcomes assessment in respect to choice products ...

Trustee firm, super fund in hot water

JAMIE WILLIAMSON | WEDNESDAY, 6 NOV 2019

... director Andrew Richard Grover. Tidswell is owned by Sargon and holds an extended public offer entity RSE licence under the SIS Act, as well as an AFSL issued by ASIC. Its model is to partner with promoters to offer new super products. While it operates ...

ASIC zeroes in on SMSF auditors

HARRISON WORLEY | WEDNESDAY, 6 NOV 2019

... professional association with a copy of the conditions. The three auditors were referred to ASIC by the ATO under the SIS Act, with the two organisations engaged in a close relationship over the regulation of SMSF auditors.

Former IOOF company loses court battle in timber scheme

KANIKA SOOD | FRIDAY, 27 SEP 2019

... individuals the regulator sought to have disqualified, including former managing director Chris Kelaher, did not contravene the SIS Act. APRA commenced the action in December 2018, seeking to impose licence conditions on IOOF and disqualify Kelaher ...

Federal Court delivers APRA, IOOF verdict

JAMIE WILLIAMSON | FRIDAY, 20 SEP 2019

... individuals the regulator sought to have disqualified, including former managing director Chris Kelaher, did not contravene the SIS Act. The Federal Court also awarded costs in IOOF's favour. Australian Executor Trustees was also subject to the legal ...

IOOF establishes super trustee office

HARRISON WORLEY | WEDNESDAY, 21 AUG 2019

... its newly vested powers and directed IOOF to implement and maintain the OST or risk facing a financial penalty under the SIS Act. Recently appointed IOOF chief executive Renato Mota said the wealth manager had been working "diligently" to implement all ...

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BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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