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Showing 91 - 100 of 1314 results for "AFS"

ASIC sues Diversa for First Guardian failures

KARREN VERGARA  |  TUESDAY, 9 DEC 2025
ASIC is suing Diversa Trustees for its role in the collapse of the First Guardian Master Fund, in which $300 million of member money was invested. In the Federal Court, ASIC put forth several allegations, starting with Diversa failing to conduct adequate ...

ASIC releases legal obligations for private credit funds

ELIZA BAVIN  |  TUESDAY, 9 DEC 2025
... including the misleading or deceptive conduct prohibitions and unconscionable conduct prohibition. ASIC said the principal AFS licensee must take all reasonable measures to ensure its representatives comply with financial services laws. Earlier this ...

68% pass financial adviser exam: ASIC

KARREN VERGARA  |  MONDAY, 8 DEC 2025
... professional standards. A person training to become a relevant provider must pass the exam before they can be authorised by an AFS licensee as a provisional relevant provider and start the third quarter of their professional year (PY). The next financial ...

Former ASIC supervisor joins crypto platform as operating chief

MATTHEW WAI  |  MONDAY, 1 DEC 2025
Coinbase Australia has welcomed a new chief operating officer, who previously spent over a decade at ASIC. Adam Judd has been named chief operating officer, effective today, joining from CommSec where he was most recently the executive manager, product ...

ASIC suspends Newcastle advice firm's AFSL over missing key person

MATTHEW WAI  |  FRIDAY, 28 NOV 2025
ASIC has suspended the AFSL of Focused Financial Advice (FFA) until December 19, which has operated for more than two years without a key person. FFA was established in 2003 and provides financial services around superannuation, life insurance, retirement ...

FAAA's Advice Academy launches

KARREN VERGARA  |  FRIDAY, 28 NOV 2025
The Financial Advice Association Australia (FAAA) has launched the Advice Academy in a bid to help and support new entrants. Advice Academy offers training modules from Kaplan Professional, mentoring opportunities, a professional year (PY) hours tracker ...

ASIC to monitor union redundancy funds

ELIZA BAVIN  |  THURSDAY, 27 NOV 2025
Following a consultation process that was launched in June, ASIC has outlined its approach to the regulation of employee redundancy funds under the Corporations Act 2001 (Corporations Act), once the current relief expires on 1 April 2026. Operators ...

FX coaching platform handed additional conditions over compliance failures

MATTHEW WAI  |  WEDNESDAY, 26 NOV 2025
... the ongoing financial requirements stipulated in their licence conditions," ASIC said. "The auditor notification updates the AFS licensee register for the appointed auditor, allowing both internal and external stakeholders to know who is responsible ...

Clime shutters two funds, offloads retail book

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
Clime Investment Management is shuttering two funds, one of which is under an ASIC investigation, and will offload its retail client book for $1.65 million to an undisclosed financial advice practice. At the annual general meeting last week, Clime chair ...

Two financial services directors fined $15k over reporting failures

MATTHEW WAI  |  TUESDAY, 25 NOV 2025
... Australian financial services licence (AFSL) holders that it is sternly cracking down on reporting failures. "It is important that AFS licensees lodge timely reports with ASIC so that ASIC can monitor their financial health and make sure they meet their ...