ASIC

Policy & Regulation

Are there still things to hide in financial services?

The chairman of the Australian Securities and Investments Commission, James Shipton has suggested that those who are pushing back against the regulator may still have som...

Policy & Regulation

Banks on PAYG for ASIC oversight

The Federal Government has moved to amend the regulatory settings to ensure the banks and other major financial institutions pay appropriately for close and continuous mo...

Policy & Regulation

Frydenberg takes financial services prosecutions federal

The Federal Government has budgeted to break new ground by shifting financial services criminal prosecutions away from the states and into the jurisdiction of the Federal...

Policy & Regulation

ASIC and APRA already Budget winners

The Australian Securities and Investments Commission and the Australian Prudential Regulation Authority have already been identified as major funding winners from next mo...

Policy & Regulation

Linchpin, Endeavour placed into liquidation

Linchpin and Endeavour have been placed into liquidation following action by the Australian Securities and Investments Commission. ...

Policy & Regulation

ASIC cancels accounting firm licenses

The Australian Securities and Investments Commission has broken new ground cancelling the licenses of two accounting firms for failing to obtain membership of the Austral...

Policy & Regulation

FSC told to make insurance code enforceable

The Financial Services Council has received a clear message from the Government that it needs to make its Life Insurance Code of Conduct enforceable....

Financial planning

Former Financial Wisdom advisor banned by ASIC

Australian Securities and Investments Commission has banned former Financial Wisdom advisor Anneliese Ada Willmott....

Policy & Regulation

Interim injunction against Forex Capital Trading extended

The Australian Securities and Investments Commission has been granted an extension of its interim orders to restrain the company from removing their assets from Australia...

Financial planning

ASIC confirms scrutiny of industry funds advice

The Australian Securities and Investments Commission has confirmed closer scrutiny of advice provided via superannuation funds while noting that conflicts of interest in ...

Financial planning

ASIC winds up illegal land banking investment scheme

The Australian Securities and Investments Commission has wound up an illegal land banking investment scheme, Melbourne-based company Aviation 3030....

Policy & Regulation

ASIC wraps up Westpoint actions

The last of 19 civil actions brought by ASIC against financial services licensees recommending Westpoint products has wrapped up, with almost $1.5 million being recovered...