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The regulation of financial advice is one of the highest priorities for the Australian Law Reform Commission as it looks to revamp financial services legislation....
INDUSTRY NEWS
ASIC has called on banks to assist customers to move into low-fee accounts after it found consumers, including First Nations people, are being charged up to $3,000 in ove...
INDUSTRY NEWS
ASIC has permanently banned a Sydney-based director and cancelled the AFSL of his company after concerns about him making offers of investment in unlisted shares....
INDUSTRY NEWS
The National Anti-Scam Centre’s new investment scam fusion cell, led by Australia’s corporate and competition regulators, will be initially set up for six months. ...
INDUSTRY NEWS
Insurance Australia Ltd has been penalised $40 million by the Federal Court in the largest-ever penalty imposed against an insurer for breaches of consumer protection law...
INDUSTRY NEWS
The government is seeking views on its proposed position for the implementation of an internationally-aligned climate disclosure, following its discovery consultation las...
INDUSTRY NEWS
The ALRC’s third interim report is seeking to change financial services legislation to better reflect efforts that have been made to improve advice outcomes and professio...
INDUSTRY NEWS
ASIC has unequivocally rejected claims that it tried to undermine a Senate inquiry by requesting public interest immunity for certain questions....
INDUSTRY NEWS
The Compensation Scheme of Last Resort legislation has passed in Parliament today, having first been raised back in 2016....
INDUSTRY NEWS
ASIC has been called out by the Senate economics reference committee for undermining the process of an inquiry into its investigation and enforcement actions by submittin...
INDUSTRY NEWS
The former operations head at BBY, which collapsed in 2015 in Australia’s largest stockbroking failure since the GFC, has been sentenced after pleading guilty to three co...
INDUSTRY NEWS
Leah Sciacca, ASIC senior executive for financial advisers, has outlined some of the activities of the Financial Services and Credit Panel, which commenced operations las...
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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...