ASIC

Superannuation

ASIC disqualifies and suspends SMSF auditors

The Australian Securities and Investments Commission has announced it has disqualified, suspended or added conditions to the registration for a number of self-managed sup...

Financial planning

Adviser relief for now, but how will Standard 3 be enforced?

Regulators have taken a soft approach to the implementation of Standard 3 of the FASEA Code of Ethics, but there is still concern over how proper regulation will work....

Policy & Regulation

Why the financial affairs of ASIC commissioners will remain private

Parliamentarians may have to disclose their pecuniary interests but the public are highly unlikely to ever know the private financial interests of the most senior executi...

Policy & Regulation

Mayfair receives interim restraining order for false advertising

The Federal Court has made interim orders restraining Mayfair Wealth Partners and Online Investments from promoting debenture products and from using specific words and p...

Editorial

ASIC’s ‘relief measures’ should be most definitely temporary

The Government and ASIC were right to act on making the provision of advice to confused and worried superannuation fund members and advice clients easier, but some import...

Policy & Regulation

ASIC stops Sportsbet’s bets on S&P/ASX

Sportsbet allowed punters to bet on ASX performance despite not being licensed to offer a financial product and said the oversight came from the challenges with staff wor...

Financial planning

Asset-based fees apt for COVID-19 volatility says AFA

Advisers receiving asset-based fees have ‘skin in the game’ which is important at time such as the current market volatility being generated by COVID-19, according to the...

Policy & Regulation

Judicial boost to ASIC intervention power

The Federal Court has delivered a boost to the Australian Securities and Investments Commission product intervention powers including around future consumer detriment....

Financial planning

ASIC relief changes ‘more important than ever’: Hume

The Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume has welcomed the changes by the corporate regulator to assist co...

Financial planning

ASIC grants three advice relief measures

The corporate watchdog has announced three temporary relief measures to help consumers receive affordable and timely financial advice during the COVID-19 pandemic....

Policy & Regulation

70 complaints against real estate agents on early release super: ASIC

At least 70 people complained to the Australian Securities and Investments Commission about real estate agents giving advice on early release superannuation, but its init...

Funds management

ASIC reminds responsible entities of liquidity obligations

Echoing the plight of mortgage funds during the global financial crisis, the Australian Securities and Investments Commission has reminded the responsible entities of man...

Financial planning

ASIC confirms licensees have been notifying adviser code breaches

With or without code monitoring bodies or a single disciplinary body, some licensees have been breach-reporting to ASIC on adviser code breaches....

Policy & Regulation

ASIC winds up three companies

The corporate regulator has obtained orders to wind up Australasia Wealth Services and Management, Marigold Falconer International, and My Wealth Adviser....