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Showing 1 - 10 of 326 results for "SIS"

Prime Value Opportunities Fund winds up

KARREN VERGARA  |  WEDNESDAY, 23 SEP 2026
Boutique fund manager Prime Value Asset Management has wound up its Opportunities Fund and its Significant Investor Visa (SIV) counterpart. The wind up of the Prime Value Opportunities Fund and Prime Value SIV Opportunities Fund was completed this month. ...

Inquiry rips into Diversa: 'All profit, no responsibility'

KARREN VERGARA  |  MONDAY, 7 SEP 2026
... Guardian," she said. Plant said, "no one can predict fraud in advance" and that they are "not clairvoyants". "That's why the SIS Act has a specific provision to say that in cases of fraud, there is protection for members, and that's what we're ...

Sequoia gives InterPrac sale a second shot

ELIZA BAVIN  |  THURSDAY, 27 AUG 2026
Sequoia Financial Group said it has appointed an independent advisor to undertake a sale process of InterPrac Financial Planning. Sequoia did not name which company it has been engaging with for the potential sale. "This process is at an early stage ...

Sequoia caves into InterPrac sale undertaking, ASIC withdraws proceedings

KARREN VERGARA  |  WEDNESDAY, 5 AUG 2026
With ASIC withdrawing legal proceedings against Sequoia Financial Group after it entered an undertaking not to put the Cross Deed of Guarantee at risk tied to the sale of InterPrac Financial Planning, the group remains coy about the deal with Conquest ...

LRBA ban requires immediate clarity: SMSFA

MATTHEW WAI  |  TUESDAY, 14 JUL 2026
... property ban. The legislation makes future SMSF real property borrowing turn on the business real property definition in the SIS Act which is a complex technical test, never designed to operate as the gateway for all SMSF property borrowing."

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
... proceedings against Equity Trustees last year, it determined to make an application to the government under Part 23 of the SIS Act for help in making First Guardian and Shield investors whole. "Part 23 of the SIS Act is designed for exactly these purposes ...

FEATURE: Estate planning | Best laid plans

ELIZA BAVIN  |  WEDNESDAY, 1 APR 2026
"I'm the eldest boy!" This is one of the most quotable quotes from the award-winning television show Succession, and while it is somewhat outdated for parents to leave behind their money, or legacy, to one child due solely to birth order or gender ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... Diversa Trustees and Equity Trustees have all announced they will tap Part 23 of the Superannuation Industry Supervision Act (SIS Act) to make their members whole, arguing the two MISs were fraudulent and they therefore do not consider themselves responsible ...

Danish pension fund dumps US bonds

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JAN 2026
A Danish pension fund is divesting all US government bonds from February 1, citing the country's growing debt crisis. Akademiker Pension, the $36 billion pension fund for academics, is selling off all its US government bond holdings, to the tune ...

Small win for First Guardian victims amid platform transition

JAMIE WILLIAMSON  |  MONDAY, 5 JAN 2026
... was fraudulent. As a result, the trustee has made an application to Treasury for financial assistance under Part 23 of the SIS Act and has said it will "vigorously defend" the case brought by ASIC.
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