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ASIC
People & Products
A former ASIC veteran who spent 25 years at the corporate regulator has been appointed to a senior chair role by the Albanese government....
Funds management
National Australia Bank has been ordered to pay $2.1 million by the Federal Court, the maximum penalty possible for a single breach of unconscionable conduct....
Financial planning
ASIC has shared how many Australian financial services licences were granted and rejected by the corporate regulator in the 2022-2023 financial year....
Financial planning
With just days until the previous scheduled date of 1 October, ASIC has once again delayed the date that relevant providers must be registered....
Funds management
The latest annual RIAA report has found concerns or mistrust around greenwashing by investment managers almost tripled this year, with 62 per cent citing it as a deterren...
Policy & Regulation
ASIC commissioner, Danielle Press, has reflected on her five years at the regulator as she steps down from the role....
Financial planning
The corporate regulator has revealed the results of its August financial adviser exam, which has delivered the highest pass mark of the year so far. ...
Features
With three separate financial advisers facing criminal proceedings this year having struggled with gambling problems, access to client money combined with a stressful job...
Financial planning
Former van Eyk chief executive, Mark Peter Thomas, has been permanently banned by ASIC for performing any function involved in running or controlling a financial services...
Superannuation
ASIC has sued the trustee of Australia’s largest super fund, AustralianSuper, alleging failures to address multiple member accounts affecting 90,000 members over a decade...
Funds management
ASIC has taken aim at distributors of over-the-counter derivatives after a review found improvements are needed in how they meet design and distribution obligations, havi...
Financial planning
ASIC has been rapped for ignoring multiple tip-offs about the $180 million Courtenay House Ponzi scheme, waiting four years to take regulatory action. ...
Funds management
The former ASIC chair has penned an open letter to the Treasurer and Assistant Treasurer asking for their support following a Senate appearance that detailed work, health...
Funds management
The corporate regulator has commenced civil penalty proceedings against Westpac for failing to respond to 229 customer hardship notices within the required time limit....
Funds management
The regulator has made an interim stop order on a registered managed fund promoted by K2 Asset Management due to deficiencies in the target market determination....
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...