ASIC

Superannuation

Running a SMSF is $8,900 cheaper than what ASIC believes, according to the SMSF Association....

Policy & Regulation

Nicholas James Ellis has been sentenced for making false or misleading statements to obtain money from clients and fraudulent misappropriation of client funds....

Policy & Regulation

Govt’s code-monitoring decision will save millions

The Government’s decision to scrap industry-run Code Monitoring Authorities will save the major planner bodies millions in set-up and running costs....

Policy & Regulation

ASIC to be questioned over regulatory power

The Australian Securities and Investments Commission is due to appear before the House Economics Committee this Wednesday to discuss how it is implementing the Hayne Roya...

Superannuation

SMSFs not suitable for everyone

The Australian Securities and Investments Commission has identified eight red flags which would make it ‘extremely unlikely’ for an investor to gain any advantage from us...

Policy & Regulation

ASIC concerned about investment funds consolidation

Australian Securities and Investments Commission chairman, James Shipton, has pointed to regulatory concerns about the consolidation of investment funds and the consequen...

Financial planning

Qld adviser banned for seven years

The Australian Securities and Investments Commission has banned Beenleigh-based adviser, Ian Haisman, from providing financial services for seven years....

Financial planning

Is ASIC best interests project driving up advice costs?

A little talked about Australian Securities and Investments Commission project around the adviser best interests duty has been identified as substantially increasing red ...

Financial planning

Ex-NAB adviser sentenced to corrections order

Max Kiattisak Eung has been sentenced to jail after pleading guilty to obtaining financial advantage by deception of $166,500....

Life/Risk

CommInsure charged over unsolicited calls

CommInsure has been charged by the Australian Securities and Investments Commission for offering to sell life insurance products via non-compliant unsolicited phone calls...

Features

Waiting for an ASIC outcome

Laura Dew explores how the managed account space could change in the future as the industry awaits the conclusion of an ASIC review of the sector....

Policy & Regulation

ASIC urges companies improve compliance risk management

The Australian Securities and Investments Commission has urged a ‘sense of urgency’ be applied by companies to their non-financial risks, including compliance risk. ...

Policy & Regulation

Gov consultation on funeral expenses policies

The Federal Government is consulting on draft regulations and legislation to remove the Corporations Act exemption for funeral insurance policies....

Financial planning

Grandfathering removal a policy 'black hole' says AFA

The Association of Financial Advisers has called for the release of key consultation submissions and for greater clarity around the detail of the Government’s legislation...