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Showing 51 - 60 of 180 results for %22SIS Act%22

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
... prevent members accessing their money promptly, APRA's directions powers - especially sections 131D and 133 of the SIS Act, updated last year by the Parliament - gives APRA new teeth that may well be tested," she said. "For those who say 'We ...

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 ...

Yarra chief operating officer departs

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
The chief operating officer of Yarra Capital Management has retired. Speaking to Financial Standard's sister publication Industry Moves, a spokesperson confirmed Brett Davidson has left the chief operating officer role. "With the business three years ...

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 ...

SSGA to scrutinise ASX 100 directors

ELIZABETH MCARTHUR  |  THURSDAY, 30 JAN 2020
From this voting season, State Street Global Advisors will take action against board members of ASX 100 companies it feels are lagging on ESG issues. SSGA chief executive Cyrus Taraporevala has written to board members to outline the manager's new approach ...

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.