ASIC
Financial planning
National Australia Bank is looking to raise around $750 million through the offer of convertible preference shares....
Financial planning
Member firms of the Association of Independently Owned Financial Professionals will undergo AFSL compliance reviews to identify and remedy potential issues....
Policy & Regulation
ATO confirms to IPA conference that it intends reviewing around 11,000 SMSFs....
Superannuation
ASIC wants investors to be better informed before establishing SMSFs but denies it will pursue prescriptive new disclosure requirements....
Funds management
ASIC has signalled a crackdown on unlicensed property spruikers who advocate self-managed superannuation fund (SMSF) investment without the proper authority...
Financial planning
A Melbourne mortgage broker has been banned for five years and his company’s Australian credit licence was cancelled after breaching credit laws....
Financial planning
FPA canvasses two-way working relationship between professional bodies such as itself and ASIC....
Financial planning
ASIC has rejected a Money Management report of a union submission citing a culture of bullying and harassment....
Superannuation
ASIC chairman Greg Medcraft reinforces the regulator's concerns around SMSF exposure to hybrid securities. ...
Financial planning
Union submission states inefficiencies stem from internal ASIC problems....
Superannuation
There is clearly regulatory concern about the activities of property spruikers as they seek to target SMSFs and, as Mike Taylor writes, a clear message needs to be sent. ...
Financial planning
ANZ Banking Group is the only major market participant which did not identify any issues with the workings of ASIC. ...
Editorial
Does ASIC really only act when complaints about particular schemes or issues “reach tsunami level”? ...
Financial planning
Sam Hills outlines what should be on a financial planner’s regulatory radar – and it’s not just the usual suspects....
Financial planning
A South Australian mortgage broker has pleaded guilty to five charges of giving false or misleading information on home loan applications worth over $500,000....
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It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...