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ASIC
Financial planning
ASIC has banned a NAB adviser from providing financial services for seven years after investigations found he had broken financial services laws....
Accounting
A NSW SMSF accountant has been charged with multiple counts of criminal conduct and fraud after he misused investor funds and made false and misleading statements to inve...
Financial planning
The Financial Planning Association has sought a “grace period” within the LIF transitionary arrangements to cover delays in policy activation....
Policy & Regulation
ASIC has released guidelines about new protections for small businesses from “unfair contract terms” with the new legislation set to be in force from 12 November this yea...
Policy & Regulation
Many debt management firms are front-loading fees to increase consumers’ commitment through sunk costs, an ASIC report reveals....
Funds management
ASIC vows to continue scrutiny of margin lending after finding issues around double-geared margin loans....
Policy & Regulation
Westpac will pay $1 million to support financial counselling and literacy initiatives, for failing to comply with its responsible lending practices....
Superannuation
The Australian Tennis Open has emerged as a major venue for the industry funds compare the pair advertising campaign....
Accounting
ASIC numbers revealed application and approval numbers remained low for accountants even as the removal of the accountants exemption for advising on SMSFs loomed....
Financial planning
ASIC has accepted an enforceable undertaking from a Queensland-based ClearView representative who failed to comply with financial services laws....
Financial planning
A former Macquarie Equities Limited representative has been banned from providing financial services following investigations by ASIC as part of its Wealth Management Pro...
Financial planning
Ex-financial adviser, Thanh Tu, will serve a minimum of three years in prison after pleading guilty to 33 counts of fraud and 21 counts of fraudulent falsification of rec...
Financial planning
ASIC has banned a former ANZ authorised representative for 10 years for contravening financial services laws via misleading and deceptive conduct....
Funds management
Provisional liquidators have been appointed to wind up five companies suspected of operating a ‘Ponzi scheme’, in a case involving two of Australia’s biggest banks....
Financial planning
ASIC cancelled the AFSL of financial services company, Chronos Capital, and permanently banned its director, Robert Semple, from providing financial services....
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The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...