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Former SMSF Association chair returns to board

Former SMSF Association chair returns to board 1 minute read 21 July 2021 The SMSF Association has confirmed the appointment of two new board members, one of which is returning after stepping down almost two years. Professor Deborah Ralston, former chair of the association, returns to the peak body after leaving in September 2019 when she was appointed by Treasurer Josh Frydenberg to the Retirement Income Review panel. “I found my previous time on the SMSF Association Board to be extremely fulfilling, so I was delighted to accept when asked to join again,” Ms Ralston said. Advertisement ); googletag.cmd.push(function() { googletag.display( div-gpt-ad-1606778578862-0 ); }); ....

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SMSF Association appoints 2 new board members

SMSF Association appoints 2 new board members
smsfadviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smsfadviser.com Daily Mail and Mail on Sunday newspapers.

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Faster payments need increased digital banking security in Australia

Faster payments need increased digital banking security in Australia
Faster payments need increased digital banking security in Australia
04 July 2021 12:00AM
Plenty has been written on the benefits of frictionless payments – and there is no doubt consumers and businesses have benefited greatly. On the flipside, the spread of payments platforms and potential cross-border linkages has meant fraud has also increased.
Regulators are alert to this risk. In its recent targeting scams report, the Australian Competition and Consumer Commission (ACCC) warned that all categories of financial fraud were on the rise in 2020, with more to come.
According to the ACCC, the losses from scams last year reported by government agencies and 10 large Australian banks that pooled their data, totalled $850 million. This amount could have been even larger, were it not for the work by Australia s large banks and financial institutions, which saved nearly $208 million from being sent ....

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