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Scams in superannuation: Integrating operational and strategic resilience
Scammers are increasingly using advanced tools to target superannuation assets, endangering members' retirement savings.
Global | Publication | August 2024
On 19 April 2024, the China Securities Regulatory Commission (CSRC) published five cooperative measures on a high level basis relating to the Stock Connect and the Mutual Fund Recognition regimes respectively between mainland China and HKSAR. These measures have been or will be implemented by more detailed rules intended to further enhance HKSAR’s status as an international financial centre, and to promote the coordinated development of the two capital markets.
Some key highlights of these measures include:
Noting that this is not the first time that mainland China and HKSAR authorities have initiated measures to facilitate the various connects between both financial markets. Earlier in February 2024, revised rules governing the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area (the GBA Wealth Management Connect) came into effect, which upgraded the GBA Wealth Management Connect regime to its version 2.0. Key developments include:
It is clear that, by upgrading the regimes for various connections between HKSAR and mainland China, the PRC central government aims to speed up the movement of funds (especially RMB) on a cross border basis and ultimately to promote RMB internationalisation to the next level.
Publication
Scammers are increasingly using advanced tools to target superannuation assets, endangering members' retirement savings.
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Since the early 20th century, Australian courts have emphasised the obligation for the Commonwealth to act as a ‘model litigant’ in court proceedings.
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The destruction of the 46,000-year-old Juukan Gorge rock shelters in 2020 was a wakeup call for project proponents on the importance of successfully managing Aboriginal and Torres Strait Islander cultural heritage risks.
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