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Showing 71 - 80 of 97 results for superannuation industry act sis

TASA may also affect industry super funds

LAURA MILLAN  |  WEDNESDAY, 19 JUN 2013
... financial services industry awaits MPs' position on the amendments to the Tax Agent Services Act (TASA) bill, industry superannuation funds have raised concerns that the legislation could also affect them. The Australian Institute of Superannuation Trustees ...

SPAA raises alarm on draft SMSF rules

ALEX DUNNIN  |  WEDNESDAY, 20 MAR 2013
Draft legislation rules for self managed super funds on related party transactions has alarmed industry association SPAA, which claims the provisions are unnecessarily complex and will add compliance costs. The new provisions are contained in Schedule ...

Govt targets early release schemes; defers SMSF transfer ban

MELANIE TIMBRELL  |  MONDAY, 16 JUL 2012
... Government's intention was to enforce a ban on these transactions by amending subsection 66(2) of the Superannuation Industry (Supervision) Act 1993 (the SIS Act). "This is the section of the Act that allows fund trustees to acquire listed securities ...

Former minister joins Cbus

MELANIE TIMBRELL  |  WEDNESDAY, 4 APR 2012
... Treasurer, Mr Dawkins was responsible for both the SGC and SIS legislation, which together underpin the modern superannuation system of compulsory contributions as well as industry superannuation funds," said a Cbus statement announcing the appointment. ...

APRA drafts new super guidelines

ELISE BURGESS  |  TUESDAY, 13 SEP 2011
... guidelines on the legislative requirements. The Australian Prudential Regulation Authority (APRA) has released two draft Superannuation Prudential Practice Guides (SPGs) to replace existing APRA guidance that it believes will better suit the industry ...

Cooper wants collectables banned from SMSFs

MICHAEL HOBBS  |  THURSDAY, 29 APR 2010
... dispose them or move them out of their fund. Long said that, overall, the preliminary report's findings are good for the industry. Specifically, she said the association was pleased to see the preliminary report retain 'business real property' as a viable ...

Cooper Review unveils MySuper, officially

MICHELLE BALTAZAR  |  TUESDAY, 20 APR 2010
The public could soon have access to a new superannuation product called 'MySuper', which is free from trailing commissions, charges no contribution fees and is much easier to understand, under proposals outlined by the Cooper Review today. The preliminary ...

MySuper proposal ignites storm

ALEX DUNNIN AND RUTH LIEW  |  THURSDAY, 15 APR 2010
... require not just new regulations but a fundamental redesign of the trustee law principle on which the Superannuation Industry Supervision (SIS) Act is built. Michael Vrisakis, partner at Freehills lawyers and long time superannuation legal expert said ...

Super funds back trustee pay disclosure

MICHELLE BALTAZAR  |  WEDNESDAY, 16 DEC 2009
... academic qualifications or additional skills outside what's already required by the SIS Act. Liz Westover, head of superannuation at the Institute of Chartered Accountants, said the Institute is disappointed with this outcome as they have long lobbied ...

Trustees must not be victimised: APRA

APRA RELEASE  |  THURSDAY, 6 AUG 2009
... superannuation fund linked to QRTSA, Baldock committed acts of victimisation contrary to section 68 of the Superannuation Industry (Supervision) Act 1993 (the SIS Act). The employee and the auditor were directors of Australian Enterprise Superannuation ...