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

Search Results

Showing 51 - 60 of 539 results for "Supervision"

Super, insurance, and bank boards' 'poor practices' targeted by APRA

ANDREW MCKEAN  |  THURSDAY, 6 MAR 2025
... misconduct, losses and failures. It's no coincidence that almost 80% of entities subject to heightened risk-based APRA supervision have underlying governance problems," Lonsdale said. While governance standards have generally improved over recent years ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... in its capacity as a co-regulator with APRA alleging contraventions of section 52 of the Superannuation Industry (Supervision) Act 1993 (Cth). ASIC is currently investigating AustralianSuper over delays in paying out death benefits after it remediated ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
... done at pace." APRA, however, announced today that it is exploring possible breaches of the Superannuation Industry (Supervision) Act 1993 (SIS Act) by Cbus, with the investigation focused on expenditure management practices. APRA deputy chair Margaret ...

Victorian SMSF auditor fails to overturn disqualification

MATTHEW WAI  |  THURSDAY, 30 JAN 2025
... standards on three audit files. It found that Islam failed to perform under the SIS Act, the Superannuation Industry (Supervision) Regulations 1994. In late 2022, the Australian Taxation Office (ATO) selected three audits compiled by Islam for three ...

Super failures, greenwashing: ASIC's key issues in 2025

ELIZA BAVIN  |  TUESDAY, 28 JAN 2025
... ongoing and future success of Australia's capital markets and seeking feedback on whether regulatory settings and its supervision approach needs to adapt considering changing market dynamics. "Domestic and international regulators and policy makers are ...

TPB welcomes stay of sanctions against disqualified agents

MATTHEW WAI  |  THURSDAY, 16 JAN 2025
... third case, Carslake and his firm Can Do Accounting Services fabricated false declarations and imposed inadequate supervision over tax services. The TPB terminated the company's registration as a result. TPB chair Peter de Cure said the board has an ...

MetLife snaps up three investment teams from Mesirow

ANDREW MCKEAN  |  THURSDAY, 9 JAN 2025
... fiduciary solutions, and capital markets/investment banking offerings - which have over $300 billion in total assets under supervision.

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... report, Financial abuse: An insidious form of domestic violence, the committee recommended the Superannuation Industry (Supervision) Act 1993 is amended so a beneficiary who perpetrated domestic or family abuse, including financial abuse and domestic ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... not be able to charge ongoing fees or receive commissions. Licensees will be subject to additional monitoring and supervision obligations to ensure these advisers are compliant with the regulations and, where they fail, may incur civil penalties. Abood ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... was approximately $17,000 worse off," APRA said. "APRA has engaged extensively with HESTA on this matter, including supervision activities to oversee strengthening of HESTA's policies and procedures around unlisted asset valuation decisions." The ...