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Showing 1 - 10 of 196 results for %22Superannuation Industry Regulations%22

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... the administration of Division 296 a whole lot simpler and efficient for taxpayers, regulators, and the superannuation industry."

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... operation of the trading platform The banking and finance sector saw the largest number of reports at 28, followed by superannuation with 11 reports, general insurance with six reports, investments and advice with three reports and life insurance with ...

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 ...

'Critical shortcomings' demand urgent action from trustees: APRA

ANDREW MCKEAN  |  TUESDAY, 31 OCT 2023
APRA deputy chair Margaret Cole has sounded the alarm on gaps in superannuation trustees' plans to assist the "tidal wave of fund members" heading toward retirement. At the Australian Financial Review's Super and Wealth Summit today, Cole outlined ...

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... failure to rollover super benefits in the required timeframe because of systems issues. This violates Superannuation Industry (Supervision) Regulations 1994, which require trustees to process rollovers between three and 30 days after receipt of instructions. ...

GESB debuts first sustainable option

JAMIE WILLIAMSON  |  WEDNESDAY, 4 OCT 2023
... or derive 10% or more of their gross revenues from the supply of goods or services specifically related to the tobacco industry. Meanwhile, in fixed interest, the option only excludes tobacco in so far as excluding producers. The option targets a return ...

Government consults on superannuation objective laws

ANDREW MCKEAN  |  FRIDAY, 1 SEP 2023
The federal government is consulting on proposed superannuation legislation that will enshrine an objective to "preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way." The Superannuation ...

APRA finalises framework for MySuper products

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... executive director of superannuation Carmen Beverley-Smith, the determination, under the ambit of the Superannuation Industry (Supervision) Regulations 1994, focuses on RSE licensees, particularly those offering a blend of MySuper and lifecycle products. ...

Aware Super migrates members to Bravura platform

ANDREW MCKEAN  |  MONDAY, 24 JUL 2023
... WA Super, and State Plus, has positioned the $160 billion fund at the forefront of digital engagement within the superannuation sector. Stewart said: "Superannuation and pension funds are long overdue for digital transformation. To stay competitive and ...

Frontier calls for better unlisted asset valuations

ANDREW MCKEAN  |  WEDNESDAY, 5 JUL 2023
... the accurate valuation of unlisted assets. The consulting firm was spurned to action amid robust growth in the superannuation sector, with an increased focus on unlisted assets. This trend has caught the attention of APRA, which is placing more emphasis ...
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