australian securities and investments commission

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Policy & Regulation

Budget delivers on ASIC and APRA funding

The Government has confirmed its funding promises with respect to the Australian Securities and Investments Commission and the Australian Prudential Regulation Authority....

Policy & Regulation

Frydenberg takes financial services prosecutions federal

The Federal Government has budgeted to break new ground by shifting financial services criminal prosecutions away from the states and into the jurisdiction of the Federal...

Policy & Regulation

ASIC and APRA already Budget winners

The Australian Securities and Investments Commission and the Australian Prudential Regulation Authority have already been identified as major funding winners from next mo...

Policy & Regulation

ASIC cancels accounting firm licenses

The Australian Securities and Investments Commission has broken new ground cancelling the licenses of two accounting firms for failing to obtain membership of the Austral...

Policy & Regulation

FSC told to make insurance code enforceable

The Financial Services Council has received a clear message from the Government that it needs to make its Life Insurance Code of Conduct enforceable....

Financial planning

Former Financial Wisdom advisor banned by ASIC

Australian Securities and Investments Commission has banned former Financial Wisdom advisor Anneliese Ada Willmott....

Policy & Regulation

ASIC wraps up Westpoint actions

The last of 19 civil actions brought by ASIC against financial services licensees recommending Westpoint products has wrapped up, with almost $1.5 million being recovered...

Financial planning

How will AMP handle departed advisers?

AMP Limited has yet to determine how it intends on handling its remediation obligations with respect to advisers who have left the company....

Superannuation

AAT decision puts past offenders on notice

The Administrative Appeals Tribunal has upheld a decision to refuse Superannuation Warehouse’s application for a limited Australian financial services licence, after its ...

Outsider

Ken’s list - a club no one wants to join

Outsider has a list of people’s names on his desk which he believes may be similar to a list provided to the Australian Securities and Investments Commission by the Royal...

Outsider

High cost of putting writing on the wall for ASIC

Outsider is prepared to bet that when the team at ASIC were ticking off their 2018 unfinished business list just before Christmas, they thought it possible that no-one wo...

Policy & Regulation

ATO SMSF auditor referrals to ASIC “steadily increasing”

The Australian Taxation Office has said that it’s already referred 37 SMSF auditors to the Australian Securities and Investments Commission since last June, as part of th...

Policy & Regulation

ASIC reveals 50% increase in enforcement investigations

The Australian Securities and Investments Commission has revealed a 50 per cent increase in enforcement investigations of misconduct on the part of the major financial in...

Financial planning

FASEA could impose specialisation training within two years

The move to require specialist qualifications to give advice on SMSFs could come from the Financial Adviser Standards and Ethics Authority within two years, according to ...

SMSF

Adviser polling shows drop in SMSF advice

Live polling at the SMSF Association National Conference has suggested that the number of clients seeking advice on SMSFs is decreasing, and that consumers’ desire to use...