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Showing 71 - 80 of 539 results for "Supervision"

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... $6.25 million in statutory levies. The lion's share of $19.51 million is budgeted for enforcement activity, while supervision and surveillance have been allocated $6.5 million. Investment managers, superannuation funds, and related services will have ...

APRA: RSE licensees show 'common areas of weakness'

ELIZA BAVIN  |  FRIDAY, 28 JUN 2024
... supervise to CPS 190 from 1 January 2025, including RSE licensees' adherence to the requirements measured against its supervision risk and intensity model.

Advice reforms draft laws consultation opens

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... written information or documentation requirements for the purposes of section 99FA of the Superannuation Industry (Supervision) Act 1993 to continue to be met electronically. On March 27, Treasury introduced the first tranche of the reforms in parlia ...

APRA hits Mercer with additional licence conditions

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
... regulator. The risk management and compliance management deficiencies were identified as part of APRA's ongoing prudential supervision of the trustee, which included a review in October 2023. Mercer subsequently acknowledged significant breaches of prudential ...

Former APRA chair joins ASX board

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
... international roles. He has previously served as the chair of APRA and the secretary general of the Basel Committee on Banking Supervision. In his role as APRA chair, he served on the Reserve Bank of Australia's payment systems board and was a member ...

Succession planning troubles family offices: J.P. Morgan

KARREN VERGARA  |  TUESDAY, 30 APR 2024
... family office costs US$3.2 million per year to operate. Large family offices with US$1 billion or more in assets under supervision (AUS) incur US$6.1 million annually to keep running. One quarter has been exposed to a cybersecurity breach or financial ...

ASIC chief executive to depart

ELIZA BAVIN  |  TUESDAY, 16 APR 2024
... secondment to the CDPP comes as ASIC enters the next phase of its transformation. ASIC executive director of regulation and supervision Greg Yanco will be appointed as ASIC's interim chief executive effective June 1. Yanco was previously executive director ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... consumer consent requirements for certain insurance commissions. "This schedule also amends the Superannuation Industry (Supervision) Act 1993 and Income Tax Assessment Act 1997 to provide a clear legal basis for the payment of advice fees from superannuation ...

Bell Asset Management looks to exit RE services

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... currently RE of all three funds. It is also trustee and is responsible for the custody of assets, appointment and supervision of service providers, the provision of accounting, taxation and other services and reports, it explained. Bell Asset Management ...

SMC finds $38k nest egg boost for working mums

KARREN VERGARA  |  MONDAY, 12 FEB 2024
... relationships, which are critical to improved access of beneficiaries to super by amending the Superannuation Industry (Supervision) Act 1993 to incorporate Aboriginal and Torres Strait Islander kinship structures.