ASIC

Policy & Regulation

RC questions whether ASIC used its powers

The Royal Commission has acknowledged that the Australian Securities and Investments Commission wants more powers but has questioned whether it has ever used all the powe...

Financial planning

Kell admits ASIC acted too slowly on grandfathered commissions

ASIC deputy chair, Peter Kell, has admitted to the Royal Commission that while the regulator has not paid enough attention to grandfathered commissions in the past, it is...

Policy & Regulation

ASIC disqualifies Queensland SMSF auditor

The Australian Securities and Investments Commission has disqualified a Queensland self-managed superannuation auditor. ...

Policy & Regulation

SMSF auditor disqualified for independence breach

A New South Wales self-managed superannuation fund auditor has been disqualified for breaching independence requirements....

Superannuation

Literacy won’t close super gap: ISA

Industry Super Australia has said closing the superannuation gender gap will take more than ASIC’s financial literacy efforts....

Policy & Regulation

ASIC slaps permanent ban on JJ Global director

The investments regulator has permanently banned Vicky Bee Chin Lim, the sole director of a firm closely affiliated with Malaysia’s JJ Global Network Holdings, from provi...

Policy & Regulation

Banks pledge to improve fraud protection

Five Australian banks have agreed to improve their compliance measures and controls for deposit accounts that can be operated by a third party, such as a financial advise...

Policy & Regulation

ASIC obtains orders against Linchpin, Endeavour

The Federal Court has made interim orders in proceedings brought by the investments regulator against Linchpin Capital Group and Endeavour Securities (Australia) Ltd....

Financial planning

End grandfathered commissions ASAP, says ASIC

The Australian Securities and Investments Commission has told the Productivity Commission that grandfathered commissions should be brought to an end as soon as possible....

Superannuation

ASIC raises absence of ‘best interests’ obligation for employers

The Australian Securities and Investments Commission has noted the absence of a ‘best interests’ obligation on employers when selecting default superannuation and the lac...

Policy & Regulation

Federal Court grants ASIC’s orders against Linchpin

The Federal Court has allowed ASIC’s application that Linchpin Capital and Endeavour Securities operated an unregistered managed investment scheme....

Financial planning

ASIC calls time’s nearly up on MDA settings

The Australian Securities and Investments Commission (ASIC) has warned managed discretionary account providers that time is nearly up on use of a key ‘no action’ letter....

Policy & Regulation

Govt boosts ASIC’s powers with $70 million funding

The Government has injected ASIC with a further $70.1 million to give the corporate regulator the resources it requires following the Royal Commission....

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. ...