corporations act

Financial planning

ASIC accepts Sydney auditor's enforceable undertaking

ASIC has accepted the enforceable undertaking of Sydney-based auditor Graham Bruce Abbott after he failed to comply with rotational requirements....

Financial planning

AAT backs Commonwealth Financial Planning ban decision

The Administrative Appeals Tribunal has affirmed ASIC's decision to ban former Commonwealth Financial Planning adviser Don Nguyen from providing financial services for se...

Financial planning

ASIC opts not to pursue Reserve Bank companies

ASIC opts not to pursue action against Reserve Bank companies after receiving AFP report....

Financial planning

Former Australian Capital Reserve directors found guilty

The former directors of Australian Capital Reserve have been sentenced to separate terms of imprisonment by the NSW District Court following an investigation by ASIC....

Financial planning

ASIC extends class order relief for litigation funding schemes

ASIC has announced it will extend the interim class order relief granted to lawyers and funders involved in legal proceeding structures as funded representative proceedin...

Financial planning

ASIC extends class order relief for litigation funding schemes

ASIC has announced it will extend the interim class order relief granted to lawyers and funders involved in legal proceeding structures as funded representative proceedin...

Financial planning

Austock pays a $30,000 ASIC fine

Austock Securities has paid a $30,000 penalty for breaching the market integrity rule, according to the Australian Securities and Investments Commission (ASIC)....

Financial planning

ASIC updates PDS guidance

The Australian Securities and Investments Commission (ASIC) has updated its guidance on PDSs, including short-form PDS documentation....

Financial planning

Sydney man permanently banned by ASIC

The Australian Securities and Investments Commission (ASIC) has once again exercised its power to ban a person who has been convicted of fraud....

Financial planning

ASIC obtains interim orders against Equititrust

The Australian Securities and Investments Commission (ASIC) has placed a number of interim orders against Equititrust Limited restraining the operations of two of its man...

Funds management

Jail for Sunset Capital property promoter

Jail sentence spells curtains for Sunset Capital property promoter....

Financial planning

Online financial advice needs specific guidelines

The Australian Securities and Investments Commission (ASIC) believes the liability for scaled online financial advice should fall on a financial planner, but a lack of sp...

Life/Risk

ASIC permanently bans insurance agent

ASIC has permanently banned a Tasmania-based insurance agent from providing financial services after being convicted of fraud offences....

Policy & Regulation

FOFA's stockbroking commission ban ill-considered

A ban on stockbroking commissions proposed in the Government's Future of Financial Advice (FOFA) reform package will be detrimental for the industry and have unintended c...

Superannuation

Super funds may lose class order relief

Super funds providing scaled advice to their members may soon be required to play by the same rules as the rest of the financial planning sector, as the corporate regulat...