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Showing 1 - 10 of 11 results for "SIS Act"

Hostplus announces four board appointments

RACHEL ALEMBAKIS  |  THURSDAY, 1 JUL 2021  |  NEWS
... approach or if they have failed to improve their approach, they will be replaced." But there is no mechanism within the SIS Act for members to remove an individual director from the board of a trustee, said Maged Girgis, a partner at MinterEllison. APRA ...

BetaShares ethical ETFs see nearly $300m in new inflows in 2020

RACHEL ALEMBAKIS  |  FRIDAY, 5 JUN 2020  |  NEWS
BetaShares' suite of ethical ETFs has seen nearly $300 million in new inflows for the first five months of 2020 while also showing strong performance through a volatile market. Alex Vynokur, managing director, BetaShares "The pace of growth in our ethical ...

Directors urged to exercise legal duties over climate risk as context evolves

RACHEL ALEMBAKIS  |  FRIDAY, 13 DEC 2019  |  NEWS
... diligence in an appropriate manner when it comes to managing climate risk as part of fiduciary responsibility outlined in the SIS Act. The second challenge is that REST hasn't provided its member with proper disclosures about climate risk as part of ...

Q&A: Richard Brandweiner, CIO First State Super

RACHEL ALEMBAKIS  |  FRIDAY, 2 OCT 2015  |  NEWS
... super system in Australia is now worth more than AU$2 trillion. It's much bigger than the size of the GDP, and while the SIS Act talks about our fundamental obligation of generating strong returns for our members, it was written when the system was very ...

US pension suit points to potential fiduciary risks: MinterEllison

RACHEL ALEMBAKIS  |  FRIDAY, 11 SEP 2015  |  NEWS
... it held doubled over that period. The stock is alleged to have plummeted in value by 96% over that same time. Under the SIS Act, Australian superannuation funds cannot invest more than 5% of the fund's assets in an employer sponsors of the fund. "But ...

Human rights considerations part of trustee board obligations

RACHEL ALEMBAKIS  |  FRIDAY, 28 AUG 2015  |  NEWS
... with the statutory covenants imposed on trustees and their directors by the Superannuation Industry (Supervision) Act (SIS Act). The recent Stronger Super reforms place greater importance on the risk management and due diligence processes undertaken ...

Experts warn of trustees' climate change litigation risk

RACHEL ALEMBAKIS  |  FRIDAY, 12 JUN 2015  |  NEWS
... with the statutory covenants imposed on trustees and their directors by the Superannuation Industry (Supervision) Act (SIS Act). The recent Stronger Super reforms place greater importance on the risk management and due diligence processes undertaken ...

APRA adds materiality to trustees' risk management declaration

RACHEL ALEMBAKIS  |  FRIDAY, 17 OCT 2014  |  NEWS
... with the statutory covenants imposed on trustees and their directors by the Superannuation Industry (Supervision) Act (SIS Act), El Hassan has previously told The Sustainability Report. "It comes down to a qualitative and quantitative assessment of the ...

Advisory Board's bold strategy to increase impact investing

RACHEL ALEMBAKIS  |  FRIDAY, 19 SEP 2014  |  NEWS
... on the record in their response to the interim report that once superannuation funds have met the requirements of the SIS Act, they can also consider impact. Now that is something that people in the ESG and sustainability space would regard as common ...

Norton Rose Fulbright: trustees must consider climate change

RACHEL ALEMBAKIS  |  WEDNESDAY, 16 APR 2014  |  NEWS
... with the statutory covenants imposed on trustees and their directors by the Superannuation Industry (Supervision) Act (SIS Act). The recent Stronger Super reforms place greater importance on the risk management and due diligence processes undertaken ...
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