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Showing 1 - 10 of 373 results for "Safeguard"

CSLR levy must be directed towards bad actors: Burgess

MATTHEW WAI  |  FRIDAY, 29 MAY 2026
... access on payment of a levy. "This is fundamentally inconsistent with the purpose of the CSLR as a last-resort consumer safeguard," Burgess argued. "It also ignores the fact that SMSF investors are eligible because they are a retail client who has paid ...

APRA sharpens oversight, flags tech and geopolitical risks

VINNY VUCAGO  |  THURSDAY, 21 MAY 2026
APRA has intensified its supervision of superannuation trustees, insurers and banks as geopolitical instability, rapid artificial intelligence (AI) adoption and growing complexity in global markets reshape the financial risk environment. In its latest ...

ASIC flags disclosure flaws in first wave of mandatory climate reports

VINNY VUCAGO  |  MONDAY, 18 MAY 2026
... what constitutes a "climate related target", particularly regarding legally mandated emissions obligations such as the Safeguard Mechanism. Looking ahead, ASIC said its 2026 to 2027 surveillance program will focus on financial reporting areas involving ...

Law blocking abusers hiding super assets passes parliament

VINNY VUCAGO  |  FRIDAY, 15 MAY 2026
The government has passed landmark legislation allowing victim survivors of child sexual abuse to access the superannuation assets of convicted offenders who fail to pay court ordered compensation. Assistant treasurer and minister for financial services ...

Performance test reforms to curb benchmark hugging: Treasury

KARREN VERGARA  |  FRIDAY, 8 MAY 2026
... flexibility to invest in alternative assets that align with Australia's national priorities, with the continued safeguard of the best financial interests duty." He is concerned, however, that a simple reference portfolio approach could water down ...

Clearer distinction of advice required around aged care costs: Review

MATTHEW WAI  |  WEDNESDAY, 6 MAY 2026
A recent review has outlined the need for a proper distinction between financial advice and information obtained from aged care providers when it comes to understanding the costs and financial impact of residential aged care accommodations. The Independent ...

Super Consumers Australia raises concerns over Treasury reforms

RIDDHIMA TALWANI  |  THURSDAY, 9 APR 2026
Super Consumers Australia has called for the government to focus on reforms that will actually protect people, warning against ineffective measures and those that will harm victims. It raised concerns over the proposal to remove the 'but for test' from ...

Digital assets framework bill passes, paves the way for consumer confidence

MATTHEW WAI  |  THURSDAY, 2 APR 2026
Digital assets providers will be required to obtain an Australian financial services licence (AFSL) under new legislation. The Corporations Amendment (Digital Assets Framework) Bill 2025, which amends the Corporations Act 2001 and the Australian Securities ...

APRA launches 'advanced illiquidity premium' to capital framework reforms

KARREN VERGARA  |  TUESDAY, 31 MAR 2026
APRA has finalised its changes to longevity products' capital framework that will impact annuities and retirement income products, namely introducing the "advanced illiquidity premium" (AILP). After consulting with the industry, APRA released its ...

Law blocking abusers from hiding assets in super enters parliament

ELIZA BAVIN  |  WEDNESDAY, 25 MAR 2026
The government has tabled the Treasury Laws Amendment (The Survivors Law) Bill 2026 in the House of Representatives today which seeks to prevent convicted child sexual abusers from hiding their assets in superannuation to avoid paying compensation to ...
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