Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1211 - 1220 of 1277 results for "AFS"

SMSF adviser ordered to repay clients

The Australian and Securities Investments Commission (ASIC) has ordered a self-managed superannuation fund (SMSF) adviser to repay his clients a total of $77,000. In December last year, ASIC had obtained permanent injunctions to prevent Steven Preston ...

Too few funds applying for RSE licenses

With a fast approaching June 2006 deadline for Registrable Superannuation Entity (RSE) Licensing, the number of applications being received by the Australian Prudential Regulation Authority (APRA) is still very low. And this concern is reinforced by ...

ASIC completes wind up of SMSF adviser

The Australian Securities and Investments Commission (ASIC) has completed a shut down of a self-managed superannuation adviser following earlier action taken by the regulator. Pitcher Partners has been appointed as the provisional liquidator for PFS ...

High yield investment scheme operator facing charges

The Australian Securities and Investments Commission (ASIC) has brought seven charges against Shane Hoy, the operator of a high yield investment scheme, in the Brisbane Magistrates Court. The regulator alleges Hoy raised $270,000 through the scheme ...

ASIC nabs SMSF adviser

The Australian Securities and Investments Commission (ASIC) has shut down a self-managed superannuation fund (SMSF) adviser from conducting any business relating to superannuation. This is the second SMSF shut down by the regulator since its superannuation ...

ASIC bans SMSF adviser

The Australian Securities and Investments Commission (ASIC) has moved to shut down a self managed super fund adviser after it was found the adviser had conducted business without an Australian financial services licence (AFSL) and provided misleading ...

Unlicensed financial adviser caught out

An Australian Securities and Investments Commission (ASIC) investigation has resulted in Donald Maxwell facing one charge of carrying on a financial services business without an Australian financial services license (AFSL). The regulator alleges Maxwell ...

ASIC provides guidance about Choice advice

... other form, that amounts to financial product advice about the employees' superannuation arrangements, unless they hold an AFS licence or are otherwise authorised to provide financial advice." "This is to protect the interests of employees who may receive ...

ASIC to scrutinise accountants' SMSF advice

The Australian Securities and Investments Commission (ASIC) has announced it will be closely examining the advice given by accountants in relation to self-managed superannuation funds (SMSF). ASIC has targeted a few specific activities it will be looking ...

ASIC cracks down on early access to superannuation scheme

... declared that he and his companies have operated a financial services business without holding an Australian Financial Services (AFS) licence and has consented to an injunction that will prevent himself and his companies from operating any activities ...