ASIC

Financial planning

ASIC takes civil action against unlicensed couple

A Queensland couple are facing civil action over allegations that they have been providing financial services without and AFSL....

Financial planning

ASIC orders investigation costs

The corporate regulator has ordered people under investigation to pay its investigation costs and expenses if they are convicted of the offence, or face a penalty....

Policy & Regulation

ASIC green lights electronic PDS

ASIC has issued new guidance giving financial services firms greater scope to use digital disclosure....

Accounting

ASIC bans Sydney accountant

ASIC has banned a Sydney accountant from managing corporations for three years but allowed him to continue as director of his accounting practice....

Policy & Regulation

ASIC to face expert review

ASIC to have its capabilities reviewed by expert panel....

Superannuation

Lawyers hit back at ASIC’s SMSF $200k minimum

ASIC’s comments on the preferred minimum of $200,000 for SMSFs in its new guidance papers has been criticised by lawyers stating the regulator has been deeply ill-informe...

Financial planning

NAB refunds $25m for platform errors

NAB said it would compensate almost 62,000 customers after a review found errors and processes on its Navigator platform dating back to 2001, before NAB acquired Aviva in...

Policy & Regulation

Government flags review of ASIC

The Federal Government will undertake a review of ASIC looking into how the regulator uses its current resources and staff....

Superannuation

ASIC to scrutinise low balance SMSF advice

ASIC has cast doubt around the viability and purpose of SMSFs set up with less than $200,000, stating it would examine advice related to their creation....

Superannuation

Omniwealth pays $10,200 penalty

Omniwealth has paid a $10,200 penalty after ASIC issued an infringement notice that had concerns its website had potentially misleading claims....

Financial planning

Perth finance brokers banned

Misleading and dishonest conduct has landed two Perth-based finance brokers in hot water after investigations by the Australian Securities and Investments Commission resu...

Editorial

Once more into the breach

Mike Taylor writes that the reporting of breaches needs to be accepted as not only a legal obligation but part and parcel of running a financial services company. ...

Superannuation

SMSF auditor disqualified

ASIC has disqualified SMSF auditor Peter Brennan after his performance was found to be deficient along with failing to provide audit reports to three funds....