ASIC

Editorial

Laggard accountants risk regulatory whipping

Accountants continue to drag their feet with respect to the new limited licensing regime but, as Mike Taylor reports, they risk provoking a regulatory shadow shop. ...

Policy & Regulation

CPA Australia pricing licensing with caveats

CPA Australia Advice has set out the pricing around its accoutants licensing offer with the caveat that it all depends on ASIC granting an AFSL....

Policy & Regulation

ASIC moves against Westpac on BBSW

ASIC has initiated court action against Westpac Banking Corporation over alleged manipulation of the bank bill swap rate....

Financial planning

Ex Aussie mortgage broker faces jail sentence over $2.7m loan fraud

A former Aussie mortgage broker is facing a potential jail sentence over allegations she falsified loan applications totalling $2.7 million....

Financial planning

ASIC maintains planner surveillances

Eighteen months after it began its Wealth Management Project, ASIC confirms it is maintaining its surveillance of planners....

Financial planning

Decimal launches robo-advice packages

A purpose-built, client focused package could signal major turning point for the international and Australian industry, says CEO Nic Pollock. ...

Policy & Regulation

ANZ to refund low income customers $5 million due to glitch

Australia and New Zealand Banking Group (ANZ) is refunding $5 million to basic account holders for incorrect late payment and over limit fees. ...

Superannuation

ASIC accepts EU from SMSF advice provider

CMH Financial Group is under an enforceable undertaking after ASIC found the firm to be giving SMSF advice that was not in their clients’ best interest....

Financial planning

Industry to go paperless?

The Australian Securities and Investments Commission (ASIC) has given the green light to businesses to provide customers with information in digital form....

Outsider

Making presumptive appointments

Everyone should be allowed a victory lap, even the chairman of the Australian Securities and Investments Commission (ASIC), Greg Medcraft. ...

Editorial

Is ASIC up to it?

ASIC has signalled it will be closely examining the claims-handling of the major life/risk insurers, but Mike Taylor asks whether the regulator is simply the policeman wh...

Financial planning

Stockbroker uses $1.5m of clients’ money

Lewis Anthony Wright Fellowes allegedly obtained money from his clients’ margin loan accounts and used the money for his own use....

Financial planning

ASIC sets guidance on robo-advice monitoring

ASIC has released a consultation paper on guidance for robo-advice providers, highlighting that licensees should appoint human advisers to monitor and test digital advice...