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Showing 1 - 10 of 31 results for "Financial Accountability Regime"

Platform trustees told to improve investment governance

JAMIE WILLIAMSON  |  TUESDAY, 7 OCT 2025
... prudential standards and inform APRA; and review and confirm their accountabilities under the Financial Accountability Regime. "APRA will actively and closely monitor steps taken by platform trustees. Where planned enhancements or implementation are ...

APRA to hunt for new deputy chair

ELIZA BAVIN  |  FRIDAY, 19 SEP 2025
... to be more efficient and less burdensome while skilfully overseeing the implementation of the Financial Accountability Regime. Cole said it was a difficult decision to leave; however, she is proud of what she and the organisation achieved over her term. ...

FEATURE: Problem detected

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
... Stavrou says. "That accountability for superannuation funds has recently been formalised via the Financial Accountability Regime from an accountability perspective, and I think that will shift the way that people think about their responsibilities but ...

ASIC, APRA outline regulatory reform opportunities

ELIZA BAVIN  |  FRIDAY, 5 SEP 2025
... been engaging with Treasury on possible options to enhance the test. Lonsdale also touched on the Financial Accountability Regime (FAR) saying there are opportunities to address overlap between reporting obligations that apply to entities under APRA's ...

Super funds to take stock of information security controls

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
... breach of CPS 234. Finally, all funds must advise APRA of their accountable person(s) under the Financial Accountability Regime (FAR) with responsibilities related to CPS 234 compliance, including specifics of those responsibilities. However, the funds ...

'Tensions' identified between FAR and other requirements

ELIZA BAVIN  |  MONDAY, 26 MAY 2025
... 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 of sustainable behavioural and cultural ...

Jones calls out super sector, hints at more reform

ELIZA BAVIN  |  THURSDAY, 20 MAR 2025
... they will be designed in a way that enable us to scale it out over time. If you add that to the Financial Accountability Regime, there are real incentives on funds to get this right," Jones said. "It is perhaps understandable, but not an excuse, that ...

Regulators warn of possible issues with FAR reporting

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... Court have sent a letter to superannuation trustees reminding them of their obligations under the Financial Accountability Regime (FAR) before it takes effect next year. The FAR commenced for the banking industry on 15 March 2024 and takes effect for ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... of the duty to act in the best financial interests of members," Cole said. "Additionally, the Financial Accountability Regime, which takes effect for superannuation in March, specifically reinforces trustees' accountability for ensuring expenditure ...

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
... Guide 515 Strategic and Business Planning (SPG 515) and the role of accountable persons under the Financial Accountability Regime," APRA said. "Where deficiencies are identified, APRA's supervisory effort will focus on ensuring the necessary improvements ...
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