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Showing 61 - 70 of 557 results for "Supervision"

ART makes sweeping changes to corporate super plans

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
... the maximum level of cover a member can have. ART said to better align the scheme with the Superannuation Industry (Supervision) Regulation 1994 (SIS) definition for the early release of superannuation benefits under a terminal medical condition, the ...

Stakeholders ask ASIC for tougher private markets regulation

KARREN VERGARA  |  WEDNESDAY, 4 JUN 2025
... after collating 50 responses, there is scope for some targeted uplift and for more active and ongoing monitoring and supervision in wholesale and retail private markets. Many stakeholders called for increased supervision of the local private credit market ...

QSuper settles $67m class action

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... class action, alleged QSuper breached its obligations under the Corporations Act 2001 and the Superannuation Industry (Supervision) Act 1993 by failing to properly inform members of changes to life insurance premiums introduced in July 2016. Those changes ...

ASIC accuses Kalkine of providing unlicensed advice

ELIZA BAVIN  |  FRIDAY, 23 MAY 2025
... consultant to review, assess and report to ASIC whether Kalkine's interactions with its customers are compliant and its supervision mechanisms are adequate," ASIC said. "Where shortfalls are identified, the independent compliance consultant will make ...

Macquarie reprimanded again for derivatives compliance failures

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
... intervention underscores our concern with the recurrent nature of Macquarie's failures, which were caused by ineffective supervision and weak compliance and control management." "The additional licence conditions are a significant administrative ...

UK watchdog to open Australian office

JAMIE WILLIAMSON  |  THURSDAY, 24 APR 2025
... the export of UK financial services and attracting more inward investment to our shores," FCA executive director, supervision, policy, competition and international, Sarah Pritchard said. "We recognise that major international investors want easier access ...

Analyst promotions: TCorp, Future Fund, CareSuper, Fidante, First Sentier

ELIZABETH FRY  |  THURSDAY, 17 APR 2025
... Future Fund for almost three years, working as an investment analyst. He previously worked as an analyst in the market supervision division at ASIC, where he covered OTC derivatives surveillance. The credit specialist began his career with the corporate ...

APRA levy to cost $243m in FY26

KARREN VERGARA  |  FRIDAY, 28 MAR 2025
... findings, as needed," Treasury said. Retirement outcomes, member outcomes, and expenditure are three other core areas of supervision. APRA warned it will "maintain intense scrutiny of fund-level expenditure to hold RSE licensees accountable for improving ...

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 ...