ASIC

Policy & Regulation

Government looks to crack down on white collar crime

The Federal Government has accepted the majority of the Senate White Collar Crime Report’s recommendations, as it seeks to look like it’s cracking down on penalties for c...

Policy & Regulation

Planner charged for fraudulent WAW vote

The Australian Securities and Investments Commission has charged Neil John Evans for fraudulently voting in the director elections for WAW Credit Union Co-Operative Limit...

Policy & Regulation

ASIC takes aim at “initial coin offerings”

The regulator has set its sights on misleading or deceptive conduct in the marketing or selling of “initial coin offerings” of digital or virtual tokens....

Policy & Regulation

ASIC disqualifies SMSF auditor

The Australian Securities and Investments Commission has disqualified Western Australia-based Paul Tattersall from being an approved self-managed superannuation fund audi...

Policy & Regulation

ASIC cancels 117 SMSF auditors’ registration

The Australian Securities and Investments Commission has cancelled the registration of 117 self-managed superannuation fund auditors. ...

Policy & Regulation

Commbank enters EU after adverse APRA report card

The Commonwealth Bank has entered an Enforceable Undertaking with the Australian Prudential Regulation Authority after a Prudential Panel identified multiple failings inc...

Policy & Regulation

Brokers banned over fraud

The Australian Securities and Investments Commission has permanently banned three Sydney-based mortgage brokers from engaging in credit activities. ...

Policy & Regulation

ASIC takes action against land banking companies

The Australian Securities and Investments Commissions has taken action to wind up five land banking companies and disqualify two officers from managing corporations....

Financial planning

Tough rules loom for planners

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has already canvassed a tougher and more effective regulatory and lice...

Policy & Regulation

Is ASIC more about revenue than regulation?

The Institute of Public Accountants has accused the Australian Securities and Investments Commission of being more focused on revenue than actually regulating....

Policy & Regulation

VOFF calls for global sanctioning of Medcraft

Victims of Financial Fraud has called for former Australian Securities and Investments Commission chair, Greg Medcraft, to be listed on the Global Magnitsky Act, alleging...

News

ASIC admits not using all its regulatory powers

The Australian Securities and Investments Commission’s Louise Macaulay believes the regulator should have used its banning powers more often....

Policy & Regulation

ASIC and APRA accountability up to Royal Commissioner

The Federal Treasurer, Scott Morrison has said that it is a matter for the Royal Commission whether the Australian Securities and Investments Commission and the Australia...

Accounting

ASIC updates SMSF guidance for accountants

Updated guidance from ASIC sets out some basic principles which tax and BAS agents can apply to understand whether their advice falls within Australian Financial Services...

Financial planning

ASIC suspends Direct FX’S AFS licence

The Australian Securities and Investments Commission has suspended the Australian financial services licence of Direct FX Trading for failing to comply with the financial...