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Regulation

regulation

01 September 2020 • By Sarah Simpkins • 1 min read

APRA focusing on super chop, governance, outsourcing

The prudential watchdog has outlined its targets across the superannuation industry during the next four years, with plans to cull underperforming ...

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ASIC won’t back down

The corporate cop has turned its gaze beyond COVID-19 and revealed that it will soon be returning to work on the recommendations of the Royal ...

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MLC super trustee hit with licence conditions

APRA has imposed conditions on NULIS following an investigation into matters from the Royal Commission.  APRA’s investigation stemmed from the ...

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ASIC rolls out relief for frozen fund hardship withdrawals

The corporate regulator has launched new relief measures for managed fund operators to facilitate withdrawals for members facing financial hardship ...

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Institutions’ fees-for-no-service bill tops $1bn

More than $1 billion has been coughed up to compensate customers of Australia’s six largest financial institutions as a result of fee for no service ...

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ASIC targets Westpac subsidiaries over fees for no service

ASIC has commenced proceedings against two entities within Westpac’s wealth management division over conduct that formed a case study during the Royal ...

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ASIC launches civil proceedings against StatePlus Super

ASIC has commenced civil penalty proceedings in the Federal Court against StatePlus Super for charging more than 36,000 members fees for no service

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ASIC dumps industry fund incentives report

The corporate regulator has shelved a proposed report covering super funds’ obligations when interacting with employers despite revelations at the ...

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ASIC winds up investment scheme

The Federal Court has issued orders to wind up an investment group and the illegal unregistered managed investment scheme it raked in more than $10 ...

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ASIC fears Mayfair director will flee country

In what Mayfair 101 has described as a ‘massive overreach’, ASIC has apparently requested that the Federal Court freeze Mayfair's assets and bar ...

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