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Showing 1 - 10 of 25 results for "Small APRA Funds"

APRA levy to cost $243m in FY26

KARREN VERGARA  |  FRIDAY, 28 MAR 2025
... APRA's product sustainability expectations across both individual and group insurance business." The levies for Small APRA Funds (SAFs) and Single Member Approved Deposit Funds (SMADFs) - a flat rate of $590 per fund - remain unchanged for the next financial ...

Equity Trustees completes AET integration

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
... Equity Trustees announced its intention to exit the AET platform business and outsource the administration of the Small APRA Funds (SAFs) business - a portfolio of more than 400 funds and $600 million of assets. The transition of the SAF administration ...

EQT updates on Australian Executor Trustees acquisition

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... Equity Trustees announced its intention to exit the AET platform business and outsource the administration of the Small APRA Funds (SAFs) business - a portfolio of more than 400 funds and $600 million of assets. EQT said the changes were a critical driver ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... Another piece of regulation - non-arm's length expenses (NALE) and non-arm's length income (NALI) of small APRA funds and SMSFs that is awaiting Royal Assent - have received plenty of airplay. NALE in particular, Heffron said, is raising concerns ...

Equity Trustees confirms AET acquisition

CASSANDRA BALDINI  |  MONDAY, 22 AUG 2022
... management services (PMS), which EQT intends to exit. EQT intends to retain the client management and trustee role for small APRA funds," it concluded. EQT further announced its net profit after tax is up 12.5% on the prior year to $24 million. For June ...

ATO guides SMSFs on PYSP changes

HARRISON WORLEY  |  THURSDAY, 16 MAY 2019
... from fees and unnecessary insurance would not require SMSFs to make additional reports to the ATO. SMSFs and small APRA funds are exempt from report and paying inactive low-balance accounts to the ATO as a new category of unclaimed super money in the ...

SMSF members want overseas restrictions lifted

DARREN SNYDER  |  TUESDAY, 16 JAN 2018
... non-deductible contributions." Maroney said the operation of these provisions impacts principally on SMSFs as well as small APRA funds as the breach of the active member test is, in effect, restricted to small funds. "It's virtually impossible for larger ...

Super needs greater oversight from APRA: Poll

KARREN VERGARA  |  MONDAY, 30 OCT 2017
... trustees responsible for 214 APRA-regulated super funds with more than four members, along with another 2071 small APRA funds with four or less members. APRA emphasised the importance of registrable superannuation entity (RSE) licensees implementing ...

Advice industry compensation bill hits $37m

KARREN VERGARA  |  FRIDAY, 27 OCT 2017
... trustees responsible for 214 APRA-regulated super funds with more than four members, along with another 2071 small APRA funds with four or less members. MySuper, which was introduced in 2013, has led to a spike in consolidation as a number of funds exited ...

Super FUM up 10pct to $2.3tn

ALEX DUNNIN  |  THURSDAY, 24 AUG 2017
... not-for-profit (NFP) funds climbed 12% to $983 billion; small funds that include self-managed super funds (SMSF) and small APRA funds climbed 9.7% to $699 billion; and retail funds climbed 7.4% to $643 billion. These relative growth rates mean NFP funds ...
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