Deception of business lender alleged
From asic.gov.au: Mark Barnes, a director from Sutherland, NSW, has been charged with dishonestly obtaining financial advantages by submitting false invoices to FIFO Capital … read more
ASIC
ASIC Quarterly Update January 2025
From gtlaw.com.au: Quarterly round-up of the key enforcement developments and updates that ASIC-regulated entities and individuals need to know about.… read more
New ASIC Guidance on Insolvent Trading
From sladen.com.au: On December 6, 2024, ASIC updated its Regulatory Guide 217, which advises directors on preventing insolvent trading by actively monitoring a company’s … read more
Super scams: ASIC’s warning to trustees
From www.claytonutz.com: ASIC has issued a warning to superannuation trustees, urging them to assess and improve their anti-scam measures in light of increasing scam … read more
ASIC’s key issues outlook for 2025
From www.claytonutz.com: ASIC’s key issues outlook for 2025 highlights concerns in the superannuation sector, focusing on changing market dynamics, member dissatisfaction with funds, and … read more
ASIC calls out super trustees over scams and fraud
From asic.gov.au: ASIC has issued an open letter to superannuation trustees, urging them to enhance their anti-scam practices to protect members from sophisticated scam … read more
ASIC Continues Scrutiny Into AFS Licensees For Hire
From www.investmentlawwatch.com: ASIC has increased scrutiny on AFS licensees, exemplified by its acceptance of a court enforceable undertaking from Private Wealth Pty Ltd for … read more
SMSF establishment practices in ASIC spotlight
From www.smsfadviser.com: ASIC will prioritise the assessment of financial advice quality for establishing SMSFs in 2025, as it aims to address concerns over unsuitable … read more
The ‘existential’ threat to ASIC
From michaelwest.com.au: ASIC Chair Joe Longo highlights the “existential” threat facing the corporate watchdog due to its lack of resources and inability to keep … read more
ASIC’s Key issues 2025
From asic.gov.au: ASIC has identified key issues for 2025 that impact the safety and integrity of Australia’s financial system, including changes in public and … read more
Career public servant appointed as ASIC CEO
From financialnewswire.com.au: Scott Gregson has been appointed as the new CEO of the Australian Securities and Investments Commission, succeeding Greg Yanco.
Gregson brings 30 … read more
ASIC Enforcement Action: Claims Handling
From sophiegrace.com.au: ASIC has taken legal action against United Super Pty Ltd for failing to efficiently handle claims, emphasizing the importance of adherence to … read more
AFSL Auditor updates implemented by ASIC
From sophiegrace.com.au: ASIC’s recent updates, effective from January 10, 2025, have extended financial reporting and auditing obligations for Australian Financial Services Licensees, necessitating enhanced … read more
ASIC consults on relief for business introduction services
From asic.gov.au: ASIC is seeking feedback on the potential extension of relief under the ASIC Corporations (Business Introduction Services) Instrument 2022/805, which is set … read more
ASIC responds to conflict of interest concerns
From www.ifa.com.au: ASIC has defended its approach to disclosing conflicts of interest following inquiries from independent senator David Pocock, stating that specific disclosures are … read more