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Search ResultsShowing 1 - 10 of 27 results for "SCT"
End of Super Complaints Tribunal nears
ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
The Superannuation Complaints Tribunal (SCT) will cease to exist at the end of this year, with the Australian Financial Complaints Tribunal (AFCA) seeking to handle any remaining complaints currently with the SCT. AFCA has opened consultation on changing ...
QSuper member drags board to court, loses
KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
... which also noted a lack of candour about his compliance with prescribed anti-depressant medication," the court documents said. SCT reversed QSuper's initial decision Chapman took the QSuper trustee's decision to the Superannuation Complaints ...
Superannuation Consumer Advocate proposal needs work
KARREN VERGARA  |  THURSDAY, 4 APR 2019
... the guise of general advice and not personal advice. Frydenberg also allocated to the Superannuation Complaints Tribunal (SCT) $2.3 million over three years from 2020-21 to resolve outstanding complaints by 31 December 2020. By this date, the SCT will ...
One-stop complaints shop opens
DARREN SNYDER  |  THURSDAY, 1 NOV 2018
... unlimited monetary jurisdiction for superannuation complaints. It is also replacing the Superannuation Complaints Tribunal (SCT).
An insight into AFCA workload
DARREN SNYDER  |  TUESDAY, 30 OCT 2018
... Financial Complaints Authority come Thursday. Closing to new complaints tomorrow, the Superannuation Complaints Tribunal (SCT) said it had 2045 open complaints as at 30 September. During the third quarter of 2018, the SCT received 655 complaints - representing ...
AMP defaulted members as smokers: Royal Commission
KARREN VERGARA  |  MONDAY, 17 SEP 2018
... delinked category that detailed smoking information that affected his premiums. When AMP refused to reimburse the member, the SCT determined he was entitled to the refund plus interest. Sainsbury conceded that this particular member was "conceptually" ...
AFCA funding lacks transparency: AIST
KARREN VERGARA  |  THURSDAY, 26 JUL 2018
... Credit and Investments Ombudsman (CIO), the Financial Ombudsman Service (FOS) and the Superannuation and Complaints Tribunal (SCT) - to form AFCA on November 1. The Government expects AFCA is to receive up to 1000 complaints in the first week. Stage ...
Royal Commission sees increased ASIC, APRA funding
ALEX BURKE  |  TUESDAY, 8 MAY 2018
... result, it is asking for the Treasury and ASIC to review the funding for soon-to-be-replaced Superannuation Complaints Tribunal (SCT) so that it's properly funded to manage its caseload. It also thinks superannuation funds should not be allowed to borrow ...
What the associations want from Budget 2018
KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... it is asking for the Treasury and ASIC to review the funding for soon-to-be-replaced Superannuation Complaints Tribunal ( SCT ) so that it is properly funded to manage its caseload. It also thinks superannuation funds should not be allowed to borrow ...
Government names AFCA board members
ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
... the Credit and Investments Ombudsman (CIO), Financial Ombudsman Service (FOS) and Superannuation and Complaints Tribunal (SCT) boards. ASIC welcomed the authorisation by O'Dwyer, saying: "AFCA will be able to deal with complaints about financial ...
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