australian securities and investments commission

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Financial planning

AMH pays penalties for misleading statements

Australian Mutual Holdings Limited receives $20,400 in penalties after ASIC issues two infringement notices over PDSs. ...

Superannuation

ASIC focuses on SMSF one-stop shops

ASIC declares it is taking a close look at one-stop shops seeking to traverse SMSF establishment and property investment. ...

Financial planning

Planner concern at higher regulatory costs

The FPA is concerned that Budget cuts impacting ASIC may, in turn, impact planners in higher costs....

Financial planning

ASIC hit by funding cut

The Australian Securities and Investments Commission (ASIC) has been told by the Government to “adjust its priorities” to achieve savings of $120.1 million over five year...

Financial planning

Planning may be hit by Budget user-pays

A Budget user-pays approach to financial services regulation could hit licensee and other planning costs....

Financial planning

ABS security breach prompts insider trading charges

The AFP and ASIC have charged an ABS public servant and a NAB employee with insider trading netting $7 million....

Financial planning

ASIC considers automatic MIS registration

ASIC considers allowing managed investment schemes to be automatically registered, with non-compliant schemes regulated by stop-orders....

Financial planning

Sydney finance exec charged with insider trading

A Sydney finance executive has been charged with insider trading after allegedly operating on insights from a close friend who was employed by a large financial services ...

Superannuation

SMSFs - are they still worth it?

With the increased scrutiny of self-managed super funds (SMSF) from the regulator, the soon-to-be-introduced penalty regime for trustees and the increasing diligence of S...

Financial planning

NAB Wealth to refund customers after systems error

NAB Wealth will refund customers after it found some of its customers had received incorrect compensation after an investment income error on its Navigator platform....