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Regulatory

APRA trustee reforms, definition of independence yet to be finalised

ALEX DUNNIN  |  TUESDAY, 1 SEP 2015
APRA has released a discussion paper detailing the government's proposals for more independent trustees on super fund boards while conceding the definition of independence is yet to be finalised.

Red tape being reduced for super funds

DARREN SNYDER  |  MONDAY, 31 AUG 2015
The federal government is preparing to enact some of its 2015 budget promises that will likely reduce red tape for superannuation funds.

Bankers see ASIC user pays model as burden

LAURA MILLAN  |  FRIDAY, 28 AUG 2015
The Australian Bankers' Association (ABA) said that the government's proposal to implement a user pays funding model for the corporate regulator would increase "the cost burden on the Australian financial services industry."

Cbus opposes smaller super guarantee penalties

DARREN SNYDER  |  WEDNESDAY, 26 AUG 2015
Reducing penalties for employers who fail to pay superannuation is heading in the wrong direction, according to an industry super fund chief executive.

Four pillars policy is killing innovation: research

LAURA MILLAN  |  TUESDAY, 25 AUG 2015
Australia's four pillars policy has had its time and it needs to go because it is hindering innovation and leading to poor consumer outcomes, the Centre for International Finance and Regulation (CIFR) found.

Liquidator appointed in suicide case

MARK SMITH  |  TUESDAY, 25 AUG 2015
ASIC has appointed a liquidator for six investment management companies linked to a Perth-based promoter, who is believed to have taken his own life after defrauding investors for years.

ACSI calls for better company disclosure

DARREN SNYDER  |  TUESDAY, 25 AUG 2015
The Australian Council of Superannuation Investors (ACSI) believes more progress is needed to embed better anti-corruption and bribery disclosures in major Australian companies.

New draft super governance standards released

MARK SMITH  |  WEDNESDAY, 19 AUG 2015
The government has clarified uncertainty around the word 'independent' in its draft super governance legislation and agreed to a flexible transition period following consultation with stakeholders on new standards.

Medcraft defends ASIC record

ALEX BURKE  |  FRIDAY, 14 AUG 2015
ASIC chair Greg Medcraft said the regulator is "effective and efficient within the resources we have" in a speech to the Parliamentary Joint Committee on Corporations and Financial Services.

Regulation is not the only answer: Herbert Smith Freehills

LAURA MILLAN  |  WEDNESDAY, 12 AUG 2015
The word governance only appears nine times in the Wallace report, but 48 times in the Murray report, and many more times than that in the Cooper report. "Everything gets blamed on poor governance," Herbert Smith Freehills and university lecturer Scott ...