ASIC

Policy & Regulation

Super pressure paused RG 97 implementation

The Australian Securities and Investments Commission has admitted that negative feedback from superannuation funds and lobby groups persuaded it to place the implementati...

Financial planning

ASIC admits it has never investigated industry fund advice

The Australian Securities and Investments Commission has admitted it has never specifically investigated advice provided by industry superannuation funds....

Financial planning

Warning on unlicensed advice

The Government has been warned that changes to the Australian Securities and Investments Commission fintech sandbox may give rise to instances of unlicensed advice....

Financial planning

AFCA open for business by 1 November

The Minister for Revenue and Financial Services, Kelly O’Dwyer, said the Australian Financial Complaints Authority would be ready to receive disputes by 1 November 2018. ...

Financial planning

ASIC permanently bans unethical planner

The Australian Securities and Investments Commission has permanently banned a financial planner, Muneer Mahmood Khan, for not being of good fame and character and acting ...

Policy & Regulation

Give us competition powers says ASIC

The new chairman of the Australian Securities and Investments Commission has told a Parliamentary Committee the regulator needs competition powers to help it do its job....

Policy & Regulation

ASIC bans adviser using clients’ assets for personal benefit

ASIC has banned a Queensland-based financial adviser for seven years after finding he had used his clients’ assets for his personal benefit. ...

Financial planning

ASIC targets misuse of ‘general advice’

The Australian Securities and Investments Commission has declared its intention to target licensees misusing general advice in product sales to avoid their best interests...

Policy & Regulation

ASIC warns research houses on ‘independence’

The Australian Securities and Investments Commission has sent a message to financial services research houses by moving against a boutique provider which did not reveal c...

Policy & Regulation

ASIC disqualifies SMSF auditor

ASIC has disqualified NSW SMSF auditor, Robert Taylor, for breaching fundamental independence requirements. ...

People & Products

Government asks states to support schools’ financial literacy

The Turnbull Government has invited the states and territories to support the expansion of the ASIC MoneySmart Teaching program. ...

Superannuation

ASIC predicts Superfunded’s bankruptcy with liquidator application

The Australian Securities and Investments Commission has applied to the Federal Court for the appointment of a liquidator to Superfunded, amid various allegations of misb...

Policy & Regulation

CBA hits back at ASIC over BBSW allegations

The Commonwealth Bank has hit back at one of the many organisations to level accusations against it in recent years, saying that it will fight the Australian Securities a...

Policy & Regulation

ASIC bans former Westpac and NAB adviser

The Australian Securities and Investments Commission has banned Queensland financial adviser, Christopher Ramsay, from providing financial services for five years for fai...

Policy & Regulation

Adviser permanently banned over dishonest fees

ASIC has permanently banned a New South Wales financial adviser from providing financial advice, following a finding that he dishonestly charged clients almost $67,000 in...