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Showing 101 - 110 of 138 results for "ASIC Act"

Senate inquiry reccommends Royal Commission into CBA

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
... changes and improvements, including its website, governance and internal structure. The report recommended a review of the ASIC Act 2001 in two years to consider changes in the regulator's governance arrangements and suggested the establishment of a ...

ASIC eyes fee for service funding model

LAURA MILLAN  |  TUESDAY, 8 APR 2014
... using price signals to encourage self-regulation and co-regulation." The 273-page document also suggests amending the ASIC Act 2001 to include a competition objective. It proposes measures to encourage product providers to increase the choice of superannuation ...

ASIC dictates seven-year ban for rogue CBA adviser

LAURA MILLAN  |  MONDAY, 7 APR 2014
The Australian Securities and Investments Commission (ASIC) has banned Commonwealth Financial Planning adviser Jade Zaicew for seven years. Zaicew's banning follows ASIC actions against former CBA advisers Don Nguyen, Ricky Gillespie, Simon Langton ...

AFA focuses FSI submission on FoFA "misinformation campaign"

LAURA MILLAN  |  MONDAY, 7 APR 2014
... only be described as a significant impact upon consumer confidence in financial advice." The organisation noted that the ASIC Act includes the regulator's responsibility to "promote the confident and informed participation of investors and consumers ...

"Free set up" SMSF administrator pays infringement notice over bogus claims

ALICE URIBE  |  TUESDAY, 18 MAR 2014
... for the sign-off of advertisements. The payment of an infringement notice is not an admission of a contravention of the ASIC Act 2001 consumer protection provisions. ASIC can issue an infringement notice where it has reasonable grounds to believe a person ...

ASIC acted only when claims hit "tsunami level"

LAURA MILLAN  |  MONDAY, 21 OCT 2013
A former employee of the Australian Securities and Investments Commission (ASIC) has condemned the fact that the regulator acted only when the volume of complaints "reached tsunami level." In a submission to the Senate inquiry on ASIC's performance ...

US regulator lifts hedge fund advertising ban

MARK SMITH  |  FRIDAY, 12 JUL 2013
... Investments Commission (ASIC) does not distinguish between hedge funds and more conventional investment vehicles. The ASIC Act governs hedge funds and long-only unit trusts with the same set of laws, meaning that the same hurdles must be cleared before ...

ASIC issues crowd funding guidance

LINDA HAUSKEN  |  WEDNESDAY, 15 AUG 2012
... guidance to promoters of 'crowd funding' to clarify arrangements that may be regulated under the Corporations Act and the ASIC Act. Crowd funding involves the use of the internet and social media to raise funds in support of a specific project or business ...

Cold calling scammer gets 10 year ban

LINDA HAUSKEN  |  TUESDAY, 26 JUN 2012
Australian Securities & Investments Commission has banned City Index Australasia and its director, Blair Jason Travers, from the financial services industry for 10 years after being found guilty of a cold calling scam. Australian Securities & Investments ...

End to unfair mortgage exit fees

ASIC AND CHOICE RELEASES  |  MONDAY, 28 JUN 2010
... lender; and would cause the borrower detriment (whether financial or otherwise) if it were applied or relied on. The ASIC Act provisions will apply to contracts entered or renewed on or after 1 July 2010 as well as terms in contracts changed on or after ...