regulation

Policy & Regulation

When being a chartered accountant is not enough

Having an unblemished record as a chartered accountant is not justification in itself for being granted an Australian Financial Services License, according to the Adminis...

Superannuation

ASIC weak on super fee disclosure: ISA

Industry Super Australia has warned that the Australian Securities and Investments Commission’s latest recommendations on super fee disclosure don’t go far enough in crea...

Policy & Regulation

Academics urge board to monitor ASIC and APRA

A new research paper developed by three academics has urged the imposition of an over-arching assessment board to oversight the effectiveness of the Australian Securities...

Policy & Regulation

IOOF’s Kelaher and Venardos step aside

IOOF managing director, Christopher Kelaher and chairman George Venardos have stepped aside from their positions pending the outcome of the Australian Prudential Regulati...

Policy & Regulation

APRA moves to disqualify IOOF executives including MD

The Australian Prudential Regulation Authority has initiated action against IOOF including seeking the disqualification of its most senior executives, including managing ...

Policy & Regulation

Planning licensees amongst biggest ASIC funders

The new industry funding model for the Australian Securities and Investments Commission will see financial planning licensees and credit providers carrying some of the gr...

Financial planning

ASIC punishes Solar for licensee oversight

The Australian Securities and Investments Commission has cancelled the licence of a Sydney-based financial advisory firm following surveillance into potential issues of l...

Superannuation

“Army of lobbyists” pushed Govs for light super regulation

The Australian Institute of Superannuation Trustees has accused successive governments of providing “dozens of regulatory carve-outs … benefitting retail super providers ...

Superannuation

Funds cautious on divorce super splits

Superannuation funds have no desire to become compulsory third parties to divorce proceedings....

Policy & Regulation

ASIC penalises Berndale Capital Securities

The Australian Securities and Investments Commission has cancelled a Melbourne-based OTC derivative issuer’s licence and its former director has been banned. ...

Policy & Regulation

ASIC cancels Financial Circle’s licence

The Australian Securities and Investments Commission has cancelled the Australian financial services licence and credit licence of Financial Circle....

Policy & Regulation

ASIC lays 13 dishonesty charges on former planner

The Australian Securities and Investments Commission has charged a former Melbourne financial planner with 13 dishonesty offences....

Policy & Regulation

90% negative on franking credits impact

Nearly 90 per cent of investors responding to a survey believe the Federal Opposition’s proposed removal of refundable franking credits will reduce their quality of life....

Policy & Regulation

Tim Wilson to pit WAM against ACOSS on dividend refunds

The House of Representatives Standing Committee on Economics, Tim Wilson, will this Friday publicly compare the positions of WAM and ACOSS on Labor’s proposed franking di...

Policy & Regulation

ASIC questioned over governance practices

The Royal Commission has asked ASIC why recent new senior level roles were all filled by internal candidates from a limited pool, amid questions about the regulators’ gov...