ASIC

Policy & Regulation

Pay invoices or be penalised, warns ASIC

With industry funding invoices due in two days’ time, ASIC has urged all individuals holding a license and covered by the Government’s laws for funding of the regulator's...

Financial planning

How will AMP handle departed advisers?

AMP Limited has yet to determine how it intends on handling its remediation obligations with respect to advisers who have left the company....

Policy & Regulation

ASIC hits AMP and banks over laggard approach to fee for no service

The Australian Securities and Investments Commission has signalled using its new directions power in the face of the slow response of AMP and the major banks to follow-up...

Outsider

Kell, Zinn and the familiar faces at Adviser Ratings

Outsider was pleased to see his old mate and former Australian Securities and Investment Commission deputy chairman, Peter Kell, bob up as part of an external ratings com...

Superannuation

ASIC takes action against SMSF auditors

The Australian Securities and Investment Commission has disqualified and suspended a number of auditors of self-managed superannuation funds....

Funds management

Investors pushing for climate change risk disclosure

Investors’ interest in real and meaningful climate change risk disclosure is growing, with both investment groups and company shareholders pushing for accountability, ASI...

Superannuation

AAT decision puts past offenders on notice

The Administrative Appeals Tribunal has upheld a decision to refuse Superannuation Warehouse’s application for a limited Australian financial services licence, after its ...

Policy & Regulation

ASIC to look into MiFID II impacts

ASIC has engaged UNSW to survey Australian fund managers that may be impacted by the European Union’s MiFID II rules, noting that the regulations may become an unofficial...

Policy & Regulation

Foster Stockbroking director banned

The Australian Securities and Investments Commission has banned director of Foster Stockbroking, Mark Joseph Hinsley, from providing financial services for three years. ...

Financial planning

ASIC has no hard data on grandfathered commissions

The Australian Securities and Investments Commission has formally acknowledged that it has no hard data on grandfathered commissions or how much money is tied up in such ...

Editorial

Has ASIC finally become a watchdog with teeth?

The Australian Securities and Investments Commission has been wounded by the Royal Commission and is out to prove a number of important points, no matter what the cost. ...

Outsider

Ken’s list - a club no one wants to join

Outsider has a list of people’s names on his desk which he believes may be similar to a list provided to the Australian Securities and Investments Commission by the Royal...

Outsider

High cost of putting writing on the wall for ASIC

Outsider is prepared to bet that when the team at ASIC were ticking off their 2018 unfinished business list just before Christmas, they thought it possible that no-one wo...

Policy & Regulation

ATO SMSF auditor referrals to ASIC “steadily increasing”

The Australian Taxation Office has said that it’s already referred 37 SMSF auditors to the Australian Securities and Investments Commission since last June, as part of th...

Policy & Regulation

ASIC reveals 50% increase in enforcement investigations

The Australian Securities and Investments Commission has revealed a 50 per cent increase in enforcement investigations of misconduct on the part of the major financial in...