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ASIC
Financial planning
The Australian Securities and Investments Commission has revealed its plan to ban advisers it regards as being high risk and having ongoing compliance issues....
Funds management
ASIC’s Regulatory Guide 97 will have long-term implications for investment strategy across multi-asset fund industry, according to Zenith....
Financial planning
NSG Services has faced a civil penalty of $1 million by the Federal Court in the first breach of the best interest duty....
Financial planning
A former NAB adviser has pleaded guilty to two charges of submitting financial planning documents for his own personal gain....
Funds management
ASIC has released new and updated guidance for the funds management industry for consultation to reduce regulatory burden....
Policy & Regulation
The ASIC Enforcement Review Taskforce has released its position paper that recommends increasing maximum civil penalty amounts for corporate and financial sector miscondu...
Editorial
Mike Taylor writes that the Turnbull Government’s determination to avoid a Royal Commission may have resulted in successive exercises in political expediency and the purs...
Financial planning
ASIC is using data from the life insurance industry along with risk factors to help identify advisers who are more likely to be providing poor advice....
Policy & Regulation
The government has announced the appointment of a new ASIC chair for a five-year period, effective from 1 February next year....
Financial planning
Queensland planning firm Sentinel Private Wealth has entered an enforceable undertaking following an Australian Securities and Investments Commission surveillance....
Policy & Regulation
The Federal Government has thrown its support behind the move to give ASIC regulatory powers to ban the distribution of products it believes would cause harm....
Financial planning
ASIC will be examining how firms were providing personal advice labelled as general advice by using the relief provided to those who use financial calculators....
Financial planning
The proposed changes to strengthen ASIC’s licensing powers could destroy the value of an investment when there has been no misconduct....
Property
The Australian Securities and Investment Commission has concluded the first stage of its targeted review of interest-only home loans. ...
Financial planning
The Financial Planning Association has urged giving the Australian Securities and Investments Commission the power to ban anyone in a financial services business whose ac...
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...