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Showing 1 - 10 of 11 results for "Superannuation Industry Act"

First advice reform bill passes parliament

KARREN VERGARA | FRIDAY, 5 JUL 2024

... Before passing the bill, lawmakers amended it for highly contentious sections 99FA(1)(a) and (b) of the Superannuation Industry Act, which relates to how super funds charge for financial product advice to members. "Division 1 of this Part repeals and ...

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA | FRIDAY, 21 JUN 2024

... accounts, however, dominated much of the inquiry's final report. This points to section 99FA of the Superannuation Industry Act - the cost of financial product advice that are fees charged to member concerned - which will be amended if the bill is ...

Potential reporting relief for trustees: ASIC

CHLOE WALKER | TUESDAY, 7 NOV 2023

... effectively and efficiently and/or whether any amendments are required. Currently, section 29QC of the Superannuation Industry Act 1993 (SIS Act) requires that information given to the public by trustees must align with information provided to the Australian ...

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA | FRIDAY, 18 JUN 2021

... heard 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 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 ...

Macq launches Property Lever

MICHAEL HOBBS | WEDNESDAY, 20 FEB 2008

... Firth, executive director at Macquarie Relationship Banking, said the Property Lever complied with the Superannuation Industry Act and was being reviewed by the Australian Tax Office. "Macquarie is the first bank to release a product designed to take ...

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 ...

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Funds SA appoints chief investment officer

ANDREW MCKEAN

Funds SA has appointed a new chief investment officer, who will join from Hostplus, to commence in February 2025.

Australian Retirement Trust appoints new chief risk officer

ANDREW MCKEAN

Australian Retirement Trust (ART) has appointed a new chief risk officer that's set to start in March 2025.

UniSuper has 'some work to get on with' on cyber front: Chair

JAMIE WILLIAMSON

UniSuper's leadership team has touched on how the fund is strengthening its operations following the extensive system outage in May this year.

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA

Lax superannuation laws make it too easy for perpetrators of domestic violence to access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found.

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'Chameleon ETFs': Still groundbreaking and here to stay?

It was coined as a 'gamechanger' - an ETF that can be bought and sold on the ASX or Cboe Australia but that can also be applied for, and redeemed, directly ...

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Five principles for successful family office investing

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Robert De Dominicis

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Mistaking financial literacy for retirement literacy

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Kellie Wood

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SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED

Schroders Australia's Kellie Wood talks about winning a lot, so much so that it's become a well-intentioned joke with her co-workers - but it's this ambitious attitude that spurs her on every day. Eliza Bavin writes.

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