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Showing 81 - 89 of 89 results for "Early Release of Superannuation"

Terminally ill woman questions superannuation early release laws

JAMES FERNYHOUGH | MONDAY, 8 JUL 2013

... her last years with her family rather than working. However, federal legislation will only allow early release of superannuation on the grounds of terminal illness if the member has been given less than a year to live. Penny's super fund, HESTA, said ...

ASIC bans two advisers

MELANIE TIMBRELL | TUESDAY, 25 SEP 2012

... has banned two advisers from providing financial services following breaches including unlawful early release of superannuation benefits. Simon Turudia, formerly an authorised representative of AMP Financial Planning was found to have arranged the early ...

DHS to takeover early super release on compassionate grounds

CLAIRE MCGREAL | FRIDAY, 28 OCT 2011

The government has announced a structural shake-up of the early release of superannuation benefits on specified compassionate grounds. From next month, the Department of Human Services (DHS) will take over the administration of the payments from Medicare/DHS ...

Medicare to handle compassionate super payouts

MATT WOODINGTON | THURSDAY, 7 JUL 2011

... relieved the Australian Prudential Regulation Authority (APRA) of its duties to administer the early release of superannuation on compassionate grounds, handing the responsibility to Medicare. Only around $1.5 million of super savings were released through ...

Jailed super fraudsters forfeit nearly $6m

HAMISH MADDEN | WEDNESDAY, 30 AUG 2006

... assets. Following an Australian Securities and Investments Commission (ASIC) investigation into the early release of superannuation scheme, Andre Michalik and his son, Martin Michalik, were arrested at Perth International Airport and extradited to NSW ...

Third operator of early release super scheme punished

... ASIC's permanent injunctions prevent Heard from promoting or maintaining a business related to the early release of superannuation benefits, any involvement with redemption of superannuation interests, obtaining any remuneration to do with superannuation ...

ASIC cracks down on early access to superannuation scheme

... or transfer of superannuation interest. "People should be cautious of advertisements promoting early release of superannuation benefits," adds Redfern.

ASIC halts illegal early release super schemes

... enforcement Jan Redfern said "ASIC has recently observed an increase in illegal schemes promoting the early release of superannuation entitlements." Redfern advised "We recommend that you seek professional advice to determine your eligibility to access ...

Watchdog takes action over super scheme fraud

... to permanent injunctions relating to his involvement in a scheme that promoted the illegal and early release of superannuation benefits. The businessman, Mark David, also consented to allegations that he carried on a financial services business without ...

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Australian Unity to shed 195 roles

MATTHEW WAI | 12:42PM

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI | 12:34PM

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI | 12:17PM

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA | 12:29PM

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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