ASIC
Financial planning
Australia’s corporate regulator is severely limited in the range and severity of penalties it can hand out for wrongdoing - particularly compared to the US and UK, a revi...
Financial planning
ASIC is facing a permanent reduction in funding and is looking to cut staff as a result....
Superannuation
A self-managed super fund (SMSF) provider has paid a $10,200 infringement notice penalty for misleading advertising on the cost of setting up an SMSF....
Financial planning
Business of securities adviser subject to an enforceable undertaking has licence cancelled....
Financial planning
Commsec has been fined $55,000 after an erroneous order for a telecommunications product skewed the market price....
Editorial
Based on recent media coverage, it would be easy to believe that the Abbott Government was quite recklessly setting about dismantling all the consumer protections contain...
Policy & Regulation
The Assistant Treasurer, Senator Arthur Sinodinos, says ASIC will monitor FOFA changes to ensure they are meeting their objectives....
Financial planning
The corporate regulator welcomes FOS’ focus on timeliness, but makes no mention of long-term structural change....
Financial planning
A new system of registering business names has rendered white labelling almost impossible, a financial services legal firm believes....
Financial planning
ASIC warns on offshore lending scam which has impacted some Australian consumers....
Funds management
Regulations for managed investment schemes (MIS) may be aligned with that of companies, according to a discussion paper released by a government advisory body....
Editorial
Mike Taylor writes that ASIC chairman Greg Medcraft has laid out how the regulator sees the future of financial planner education – and the challenge will be how the indu...
Financial planning
An ex-financial adviser who earned more than $200,000 by falsifying insurance documents has been convicted of dishonest conduct....
Financial planning
The use of electronic disclosure documents is permitted under law, with ASIC releasing guidance regarding their online distribution. ...
Financial planning
ASIC warns that disclaimers attaching to financial services advertising claims must be displayed prominently....
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Podcast
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...