Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Regulatory

New ESG guidelines to aid super investors

MATT WOODINGTON  |  THURSDAY, 4 AUG 2011
Australian companies will be under pressure to publish their environmental, social and governance risk under a new reporting guide launched today.

Government bowing to pressure on super risk commissions

MATT WOODINGTON  |  THURSDAY, 4 AUG 2011
The government looks set to revoke plans to altogether ban commissions on risk insurance within superannuation as it prepares to submit draft legislations on the future of financial advice in September.

Former AIST chief takes on age discrimination

RACHEL DAVIS  |  WEDNESDAY, 3 AUG 2011
Former president of the Australian Institute of Superannuation Trustees (AIST), Susan Ryan has been appointed as the new age discrimination commissioner.

One year jail for Opes Prime directors

ELISE BURGESS  |  THURSDAY, 28 JUL 2011
Former directors of failed business Opes Prime Stockbroking have received jail terms for their part in the stockbroker's infamous collapse.

ASIC jobs cut as responsibilities rise

ALISON BEVEGE  |  FRIDAY, 22 JUL 2011
The Australian Securities and Investments Commission has axed 59 jobs in the year to May as part of 87 redundancies with a further 68 to go this financial year as part of a $10 million budget cut to the corporate watchdog, dependant on a funding review.

Opes Prime directors admit guilt

MATT WOODINGTON  |  WEDNESDAY, 20 JUL 2011
Lirim Emini and Anthony Blumberg, the former directors of Opes Prime Stockbroking (OPSL), pleaded guilty to charges related to the collapse of the company in 2008, which left around $630 million owed to creditors.

Medicare to handle compassionate super payouts

MATT WOODINGTON  |  THURSDAY, 7 JUL 2011
The government has relieved the Australian Prudential Regulation Authority (APRA) of its duties to administer the early release of superannuation on compassionate grounds, handing the responsibility to Medicare.

Govt closes in on phoenix super dodgers

ELISE BURGESS  |  WEDNESDAY, 6 JUL 2011
The Federal Government is moving to protect employees from losing their super to 'phoenix' companies, including making directors personally liable, after releasing draft legislation and calling for submissions from the industry.

Westpoint directors face charges

ELISE BURGESS  |  MONDAY, 4 JUL 2011
Directors from collapsed property investment brand Westpoint will face charges and a possible jail sentence for their role in the company's downfall.

Commonwealth trustee reforms passes Senate

ALEX DUNNIN  |  WEDNESDAY, 29 JUN 2011
Legislation consolidating the trustee arrangements of the Commonwealth's main military and civilian superannuation schemes into a single entity passed the Senate this week