Latest ASIC News

ASIC permanently bans former NSW financial adviser Nicholas Ellis
Director of internet company jailed for fraud
ASIC suspends AFS licence of Global Merces Funds Management
20-011 ASIC suspends AFS licences of Theta Asset Management and Valuestream Investment Management
Trajan Kukulovski applies for AAT review of Committee’s decision to cancel his liquidator
Taking action on Banking, Superannuation and Financial Services Royal Commission – Recommendations 3.9, 4.12, 6.6, 6.7 &
ASIC consults on s444GA share transfers under a Deed of Company Arrangement
20-008 ASIC bans former Guvera director
Former Kleenmaid director found guilty of fraud and insolvent trading after a 59-day trial
ASIC encourages fair and effective insurance claims handling for people affected by bushfires
ASIC bans Northern NSW adviser for four years
ASIC disqualifies three Gold Coast directors from managing companies
ASIC further suspends AFS licence of Halifax Investment Services
Former Gold Coast businessman Anthony Silver charged with fraud
ASIC bans Perth SMSF adviser
Environmental Group amends acquisition accounting
Interim asset restraint orders made against Corporate Authorised Representatives of OTC derivatives
Whistleblower policies required from 1 January 2020 for certain large and public companies
ASIC publishes findings from 2018-19 Regtech Initiative Series
ASIC commences civil penalty proceedings against Volkswagen subsidiary for breaching responsible
Insolvency Practices Inquiry reveals small business pain points
ASIC consults on guidance for new product design and distribution obligations
Westpac ordered to pay $9.15 million penalty for 22 breaches of Corporations Act
ASIC cancels AFS Licence of KP International Group Australia Pty Ltd
Former director of aged care facility sentenced
APRA publishes executive accountability statements
ASIC updates internal governance and accountability frameworks
ASIC reports on practices in wholesale foreign exchange markets
ASIC reports on corporate insolvencies 2018-19
ASIC reports on cyber resilience assessments of financial markets firms
AMP Financial Planning ceases MDA services
ASIC proceedings in relation to ongoing fee arrangements
ASIC takes court action against NAB for fees for no service and fee disclosure statement failures
ASIC disqualifies director for five years for engaging in illegal phoenix activity
Royal Commission Code changes given green light
ASIC approves an updated Banking Code of Practice
ASIC commences proceedings against TAL Life Limited for handling of insurance claim
ASIC reports on assessment of licensing and professional registration applications
ASIC releases report about NULIS’ compliance with licence conditions
ASIC calls on AFS licensees to provide new information about their financial advisers
Federal Court hands down penalties in ASIC action against Vocation Limited and three officers
Superannuation industry urged to focus on improving insurance outcomes for members
ASIC takes steps to wind up Chris Marco’s alleged unregistered managed investment scheme
Audit inspection findings: 12 months to 30 June 2019
APRA modernises prudential standard on banking credit risk management
Avanteos Investments Limited accepts additional licence conditions
Outcomes of review into internal market making for quoted managed funds
ASIC’s assessment of ASX Limited’s AQUA market