APRA

Policy & Regulation

Gaps and loopholes confirmed in financial services regulation

A letter from the Australian Information Commissioner has confirmed the existence of exploitable gaps and loopholes in the Australian financial services regulatory regime...

Superannuation

Morrison accuses Labor of costing retirees $3.75 billion

Treasurer Scott Morrison has hit out against Labor’s “bungled and damaging” franking credits policy again, saying it’ll cost Australian Prudential Regulation Authority-re...

Outsider

Having your cake and eating it too

Outsider took one look at the Australian Prudential Regulation Authority’s Information Paper on Remuneration Practices released last week and found himself once again bei...

Policy & Regulation

APRA raps major instos over executive remuneration

An Australian Prudential Regulation Authority has found Australia’s major banks, insurers and superannuation funds falling short on executive remuneration practices....

Financial planning

Trio victims renew call for action against ASIC

The organisation representing self-managed superannuation fund victims of the Trio/Astarra collapse have called on the Government to initiate a Serious Financial Crime Ta...

Superannuation

Inquiry urged into insurer/super fund payments

The financial services regulators have been urged to closely scrutinise the financial relationships which exist between life insurers and superannuation fund trustees....

Editorial

Regulators must stand Royal Commission scrutiny

As key players in recent outcomes in the financial services industry, the Australian Securities and Investments Commission and the Australian Prudential Regulation Author...

Policy & Regulation

APRA puts funds on notice over insurance code

The Australian Prudential Regulation Authority has placed superannuation funds on notice that it believes the Insurance in Superannuation code of conduct does not go far ...

Policy & Regulation

O’Dwyer points to RC review of ASIC and APRA

The Royal Commission into the Banking, Superannuation and Financial Services industry will be examining the effectiveness and ability of the financial services regulators...

Policy & Regulation

APRA warns on inevitability of cyber incident

The Australian Prudential Regulation Authority has suggested a significant cyber security incident is probably inevitable....

Superannuation

ISA accused of publishing “false and misleading” information

Chartered accountant Wayne Wanders has hit out at Industry Super Australia over its claim that self-managed superannuation funds return significantly less than their indu...

Policy & Regulation

Treasury defends APRA secrecy on banks

The Federal Treasury has defended legislative provisions which would enable the Australian Prudential Regulation Authority to keep secret any instructions it may give to ...

Financial planning

APRA inquiry net captures former CBA executives

Former Commonwealth Bank executives have found themselves captured in the Australian Prudential Regulation Authority’s inquiry into the bank along with how they were remu...

Superannuation

SMSF members manage portfolios effectively

SMSF returns that match APRA counterparts have proved that SMSF members can manage their portfolios effectively, the SMSF Association says....

Superannuation

ATO reports SMSFs and APRA-funds deliver same returns

Self-managed superannuation funds performed just as well as Australian Prudential Regulatory Authority-regulated funds in 2015-16 with both reporting returns of 2.9 per c...