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Search ResultsShowing 1 - 6 of 6 results for "Superannuation Industry Act"
APRA issues new licence conditions on NULIS
ELIZABETH MCARTHUR  |  THURSDAY, 27 AUG 2020
... provided may not have been in members' best interests. APRA did not conclude that NULIS breached the Superannuation Industry Act 1993 but the regulator said its investigation did raise serious questions about the adequacy of NULIS' internal processes ...
Retail super funds in hot water: Royal Commission
KARREN VERGARA  |  MONDAY, 27 AUG 2018
... that NAB and its two trustees, Nulis Nominees and MLC Nominees, breached the Corporations Act and Superannuation Industry Act with respect to plan service fees (PSF) and adviser service fees charged that rendered no services in return. Both failed to ...
APRA disqualifies four former super trustees
... Terrence Lawson and Damian Foley from acting as trustees, investment managers or custodians under the Superannuation Industry Act 1993. The regulator has also banned the four from acting as responsible officers of a superannuation trustee corporation. ...
Juliette Zuppicich joins list of banned ex-Colors directors
... Melbourne-based Colors trustees had failed to ensure that the fund complied with the in-house provisions of the Superannuation Industry Act (SIS) that generally prohibit a fund investing more than five per cent of its assets in the employer-sponsor ...
Former CNAL director added to APRA's banned list
... 14) to lodge an appeal with APRA. Despite grants from the Commonwealth Government provided under the Superannuation Industry Act, the super funds formerly under the trusteeship of CNAL are yet to recover $5 million from the total lost. Government financial ...
APRA freezes Strategic Capital Superannuation Fund
... Services Pty Ltd had acknowledged its concerns "in relation to a number of possible contraventions of the Superannuation Industry Act and other prudential matters, including corporate governance and fund investments." Stephen Glenfield, APRA general ...
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