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Showing 1 - 10 of 34 results for "APRA for"

Netwealth invokes Part 23 of SIS Act in First Guardian response

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
... around timing or outcomes to members. Before the approval can be granted, the minister must make a written request to APRA for advice in relation to the application. He may also request further information from Netwealth. Under Part 23, an applicant ...

Super funds test cybersecurity resilience

KARREN VERGARA  |  WEDNESDAY, 3 SEP 2025
Still reeling from the coordinated cyberattack in April, superannuation funds will test their cybersecurity resilience and see what lessons they have learned under a drill provided by the Gateway Network Governance Body (GNGB). Taking place on Thursday ...

APRA slaps $5.5m capital penalty on KeyInvest

MATTHEW WAI  |  TUESDAY, 5 AUG 2025
... announcement as a constructive step forward. It's the result of highly productive conversations we've been having with APRA for several months now," Brooke said. "We note the additional capital requirement requested by APRA is a far smaller sum than ...

APRA dissects retirement products for the first time

KARREN VERGARA  |  FRIDAY, 27 JUN 2025
... products managing $490 billion in members' retirement savings have come under the watchful eye of prudential regulator APRA for the first time. APRA's latest statistics for the March 2025 period breaks down the state of retirement products the ...

'Tensions' identified between FAR and other requirements

ELIZA BAVIN  |  MONDAY, 26 MAY 2025
The chief executives of several superannuation funds sat down with ASIC and APRA for a roundtable to discuss key issues related to the Financial Accountability Regime (FAR). As part of the discussions, the super fund chiefs emphasised the importance ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
Cbus is under investigation by APRA for possible breaches of superannuation legislation, with the regulator announcing the probe alongside a court-enforceable undertaking to address the super fund's risk management and oversight of key fund services. ...

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
First Super co-chair Michael O'Connor has stepped down following allegations by APRA that he breached his duties as a director in relation to a contract between the fund and the Construction, Forestry and Maritime Employees Union (CFMEU). In addition ...

Data concerns land Fiducian with additional licence conditions

JAMIE WILLIAMSON  |  TUESDAY, 16 JUL 2024
Fiducian Portfolio Services has been slapped with additional licence conditions by APRA, as the regulator looks to address concerns ahead of the annual performance test. APRA said it identified issues with the accuracy and completeness of data submitted ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
... that specifies the accountable and responsible persons for each activity. It will also submit the remediation plan to APRA for approval and address concerns it may have. The bank has further agreed to appoint an independent reviewer to provide written ...

Australian Ethical, Christian Super merger finalised

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2022
The successor fund transfer was completed on November 25, adding 28,000 new members to Australian Ethical Super. It comes mere months after the merger was confirmed in July, with Australian Ethical and Christian Super first flagging their discussions ...
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