ASIC

Policy & Regulation

Bendigo, SSFS and YBR added to fee for no service list

State Super Financial Planning, Bendigo Financial Planning and Yellow Brick Road have been added to the Australian Securities and Investments List of firms remediating fe...

Funds management

ETPs good but could improve, says ASIC

The Australian Securities and Investments Commission has determined that while the exchange-traded products market is performing well, there’s room to improve. ...

Policy & Regulation

ASIC approves ABA Code of Practice

ASIC has approved the Australian Banking Association’s new Banking Code of Practice following an independent review and stakeholder consideration....

Policy & Regulation

Govt slashes ASIC search fees

The Government has reduced the $40 fee to access ASIC online business registries and extended the fee exemption to all journalists. ...

Policy & Regulation

ASIC takes action in land banking scheme

The Federal Court has wound up five companies for their role in the operation of two land banking schemes following an ASIC investigation. ...

Features

What has driven the exponential growth in regulatory costs?

Mike Taylor writes that if one thing has distinguished the past five years in the financial services it has been the exponential growth in regulatory and compliance costs...

Financial planning

FSC backs RG97 external report

The Financial Services Council has backed the Australian Securities and Investments Commission’s external report of RG97. ...

Policy & Regulation

Fed Court decides on Allianz Metro contempt charges

The Federal Court has handed down its judgment on the contempt findings brought by ASIC against multiple defendants in proceedings concerning binary option trading websit...

People & Products

AAT reduces banning period of former Hobart planner

The Administrative Appeals Tribunal has reduced the length of a banning order made against former Hobart financial planner Troy Williams, that prohibited him from providi...

Policy & Regulation

ASIC bans SMSF financial adviser

ASIC has banned Queensland financial adviser, James Cribb, from providing financial services for four years. ...

Life/Risk

ASIC urges consumer action on insurer breaches

The Australian Securities and Investments Commission has urged giving consumers the right to take legal action against insurers who breach the Financial Services Council’...

Policy & Regulation

ASIC throws remuneration into intervention mix

The Australian Securities and Investments Commission has canvassed its product intervention power being extended to identifying inappropriate remuneration structures....

Policy & Regulation

Phoenix Hotline will oust dodgy directors

The Government has established a Phoenix Hotline to combat the phoenixing activity of dishonest directors and their companies. ...

Outsider

Not an ASIC gouge, but possibly a round-up

Don’t anyone dare suggest that the registries run by the Australian Securities and Investments Commission (ASIC) are a fee-gouging exercise....

Features

When bank distribution strategies meet an enforceable undertaking

Mike Taylor writes that the enforceable undertakings entered into by the Commonwealth Bank (CBA) and ANZ over retail superannuation product distribution point to the peri...