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Showing 61 - 65 of 65 results for %22Compensation Scheme of Last Resort%22

SMSF Trustees want compensation: SPAA

BEN COLLINS  |  THURSDAY, 21 JUN 2012
... professionals' Association of Australia has rejected calls for a levy to be imposed on SMSF trustees to fund a compensation scheme. In the wake of the Trio fraud there has been a misconception as to what the legal standing of SMSFs is when frauds occur ...

SPAA: Last resort compensation scheme needed

LINDA HAUSKEN  |  WEDNESDAY, 23 MAY 2012
There is a convincing argument for the establishment of a last resort compensation scheme, according to Self-Managed Super Fund Professionals' Association of Australia chief executive, Andrea Slattery. "Superannuation fraud affects ordinary Australians ...

Compensation report finds against last resort scheme

RACHEL DAVIS  |  WEDNESDAY, 9 MAY 2012
... report recommends that "it would be inappropriate and possibly counter productive to introduce a last resort compensation scheme at this stage". "As Mr St. John's report has shown there is no silver bullet to solve this complex problem overnight," said ...

SPAA calls for fraud net to be cast wider

MATT WOODINGTON  |  TUESDAY, 9 AUG 2011
... saw investors, some of which were self managed super funds, unable to access compensation. The last resort compensation scheme that applies to APRA regulated funds on fraud and theft, should be extended to cover all investors with product providers subject ...

Ripoll recommends investor compensation fund

MICHAEL HOBBS  |  TUESDAY, 24 NOV 2009
... submissions from the regulator and Financial Ombudsman Service (FOS), which highlighted the benefits of developing a compensation scheme for investors. "The scheme would bring Australia's financial services compensation arrangements into line with those ...
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