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Search ResultsShowing 1 - 9 of 9 results for "SIS Regulations"
No change of mind for ERS
ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... the ATO, APRA will not take any regulatory action for any breach of the payment standards in the SIS Act or the SIS Regulations in relation to that payment." AUSTRAC has also confirmed that where there was a valid determination at the time of payment ...
APRA responds to industry concerns
ELIZA BAVIN  |  THURSDAY, 28 NOV 2019
... would limit scrutiny on the performance of choice products," APRA said. "APRA's view is that absent the final SIS Regulations defining a comparable choice product, it is not possible for an RSE licensee to undertake the required comparison component ...
Amendments to retirement income law assent
HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... were not appropriate for the "wide possible range" of complex products the parliament expects to emerge under SIS regulations changes in the future. If those means test rules were to continue under those changes, the income support system would be open ...
ASIC warns super funds over transparency requirements
MARK SMITH  |  MONDAY, 7 SEP 2015
... to display certain information on their websites. The Superannuation (Industry) Supervision Act (SIS Act) and SIS regulations 2.37 and 2.38, introduced under Stronger Super reforms, require funds to display executive remuneration disclosure and other ...
Submissions open for SuperStream pass through amendments
JAMES FERNYHOUGH  |  MONDAY, 4 AUG 2014
... Industry (Supervision) Amendment (Pass Through of Employee Details) Regulation 2014 (Regulation) is to amend the SIS Regulations so that, from 1 July 2015, a default fund of an employer that receives contributions data which relates to another superannuation ...
New laws target promoters of early release schemes
JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
... from a regulated superannuation fund otherwise than in accordance with the payment standards prescribed in the SIS Regulations." One illegal method highlighted in the explanatory memorandum was the use of specially setup SMSFs to transfer funds from ...
Government must lift annuities impediments: ASFA
JAMES FERNYHOUGH  |  WEDNESDAY, 9 OCT 2013
... crucial," Clare said. Among the list of suggested legislative and regulatory changes, Clare recommended that the SIS regulations be amended to "provide equivalent treatment of post-retirement products offered by life insurance companies and by superannuation ...
Accountants embrace SMSF automation: SuperCentral
HAMISH MADDEN  |  TUESDAY, 1 AUG 2006
... updating process, SuperCentral ensures deeds are always up-to-date and are therefore less likely to fall foul of SIS regulations and ATO compliance requirements."
ASIC and APRA move to streamline intra-fund transfers
... before the intra-fund transfer occurs. APRA will oversee the 'equivalent rights' test already applied under the SIS Regulations. The 'equivalent rights' test relates to the transfer of members and their benefits between separate superannuation funds ...
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