The lead auditor for the Banksia Financial Group will be barred from practising for five years as part of the ongoing investigation into the group being conducted by the ...

Merrill Lynch Equities (Australia) Limited has paid a penalty of $65,000 to comply with an infringement notice relating to a breach of the Corporations Act 2001. ...

Providing regulatory backing for the separation of product sales from advice should be welcomed by the broader financial planning community....

ASIC grants relief to super fund’s advisory arm to reduce advisor exposure to personal liability....

ASIC considers allowing managed investment schemes to be automatically registered, with non-compliant schemes regulated by stop-orders....

FOFA should be given time to settle before further changes, according to Minter Ellison....

ASIC claims it is constrained by limited resources and a priority to protect consumer investors after claims it has overlooked the actions of commercial lenders...

ASIC bans Victorian-based financial adviser Allan Burt Vissenjoux from providing financial services....

The FSC has obtained legal advice from a Senior Counsel confirming the Government’s FOFA changes will not undermine client best interest or consumer protections....

ASIC cancels AFSL of financial services provider unable to comply with licence conditions...

The financial services regulator has granted an extension on interim class order relief from the shorter product disclosure statement (PDS) regime. ...

The Federal Government has released draft FOFA amendments which it will introduce by regulation wherever possible...

The AFA wants the Financial Systems Review to encompass both PI and the external dispute resolution processes....

Former directors of Prime Trust, including former Federal Minister for Health and Aged Care Dr Michael Wooldridge, breached their duties as company officers, according to...