australian securities and investments commission

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

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...

Financial planning

Victorian financial planner permanently banned

The Australian Securities and Investments Commission has permanently banned Victorian financial planner, Ahmed Saad of Glenroy, from providing financial services....

Financial planning

ASIC moves to force law firm on AMP documents

The Australian Securities and Investments Commission is seeking court backing to force law firm Clayton Utz to produce documents at the heart of fee for no service allega...

Policy & Regulation

ASIC signals litigious intent following Prime Trust win

The Australian Securities and Investments Commission has signalled its willingness to pursue tough and prolonged litigation in the wake of Friday’s Prime Trust win....

Superannuation

AIST welcomes ASIC’s decision

The Australian Institute of Superannuation Trustees has welcomed the Australian Securities and Investment Commission’s announcement with regards to a longer transition pe...

Funds management

DomaCom raises $2.95m

DomaCom has announced it has completed $2.95 million capital raise through the issue of a convertible security....

Life/Risk

Freedom Insurance hits life sales, liquidity issues

Freedom Insurance Group has declared it will not be recommencing sales of life products as it deals with commissions-related liquidity issues and the reality of a client ...

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

VOFF calls for action against Trio director

Victims of Financial Fraud has called on ASIC to request that the Guernsey Financial Authorities question former director of a Trio Capital fund, Carl Meerveld....

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...

Financial planning

ASIC warns on AFCA membership late fees

Financial firms who are members of the Australian Financial Complaints Authority must notify the Australian Securities and Investments Commission of their membership by t...

Financial planning

I wish we had acted sooner says NAB chairman

The chairman of National Australia Bank, Ken Henry has told the Royal Commission he wishes the board had acted more promptly in dealing with a customer remediation proces...

Policy & Regulation

NAB chairman suggests unilateral client remediation

The chairman of National Australia Bank, Ken Henry has told the Royal Commission it should consider allowing banks to remediate customers without first seeking permission...

Policy & Regulation

Should ASIC executives be subject to the BEAR?

Australian Securities and Investments Commission chairman, James Shipton has signalled his intention to subject his own executives to the same terms and conditions as the...