Daily Archives: October 1, 2019

After APRA fails against IOOF – academics call for super fund ‘reserves’ to be better regulated and better scrutinised

On Thursday 26 September 2019, Janna Mather published an article in the Australian Financial Review, entitled: Super fund ‘reserves’ need greater scrutiny, academic says.  This also follows APRA’s failed case against IOOF entities and officers, but looks to future regulation of ‘reserves’ and scrutiny of their use. If followed articles published on 23.9.19 and 24.9.19…

APRA’s failed case against IOOF entities and officers – Where are we now after 873 paragraphs of Justice Jagot’s reasons? – 2 articles, 2 views

The Australian Financial Review two quite different articles about the the collapse of APRA’s case against against IOOF and some of its officers (where the Federal Court gave 873 paragraphs of reasons on 20.9.19). One article is written by Aleks Vickovich and Janna Mather is entitled: ‘Dangerous’ to read APRA’s loss as an IOOF win:…

IOOF, the ‘pub test’ and members’ money – an article about APRA’s failed action against various IOOF entities and officers

On 23 September 2019, Joanna Mather published an article in the Australian Financial Review, entitled: IOOF, the ‘pub test’ and members’ money.  This is about some of the anatomy and background to APRA’s unfortunate failure to prove that various of IOOF’s officers had failed in their duties as officers of the relevant trustees and ought…

APRA v Kelaher & Ors – Court finds against APRA, rules that APRA did not prove that IOOF breached the SIS Act and did not disqualify the relevant officers (some of whom had retired from IOOF by then)

On 20 September 2019, Justice Jagot, of the Federal Court of Australia, decided against the Australian Prudential Regulatory Authority (APRA) in it’s case against IOOF’s former Chief Executive Officer: Mr Chris Keleher and others. APRA bought this case following adverse findings, in the Hayne Financial Services Royal Commission, alleging that IOOF’s superannuation fund had done…