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Showing 131 - 140 of 5197 results for "2015-16 ASIC"

Genetic testing ban may drive up insurance cost, premiums: FAAA

KARREN VERGARA  |  WEDNESDAY, 28 JAN 2026
The Financial Advice Association Australia (FAAA) is concerned the proposal to ban life insurers' use of genetic testing results will have an adverse impact on the cost of life insurance and premiums for all Australians. In a submission, the association ...

Aussie Olympian's brother pleads guilty for role in global scam

ELIZA BAVIN  |  WEDNESDAY, 28 JAN 2026
... guilty to dealing with more than $180,000 when it was "reasonable to suspect those funds were the proceeds from a crime", ASIC said. ASIC said the funds were derived from suspected international scams that targeted Australian investors. "At the time ...

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
ASIC has said operational failures by superannuation fund trustees as well as the rise of artificial intelligence (AI) will drive the local regulatory space in 2026. Operational failures among super trustees and administrators, such as delays in processing ...

Former UGC adviser's appeal against ASIC ban accepted

MATTHEW WAI  |  TUESDAY, 27 JAN 2026
... when recommending clients to invest in the Global Capital Property Fund (GCPF) while he was a UGC authorised representative. ASIC was also concerned Petrovic did not act in his clients' best interests by providing inappropriate advice. He was also ...

Rodney Forrest handed prison sentence for $3m insider trading

ELIZA BAVIN  |  TUESDAY, 27 JAN 2026
... to trade in Platinum shares before leaking details of the takeover to the media, making over $300,000 profit for himself, ASIC said. The Federal Court in Sydney sentenced Forrest to five years imprisonment for insider trading and two years for procuring ...

'Gross breach of trust': Former adviser sentenced to six years imprisonment

RIDDHIMA TALWANI  |  FRIDAY, 23 JAN 2026
... included a couple over the age of 60 who were defrauded $500,000 and another man over the age of 60 who had $150,000 stolen. ASIC deputy chair Sarah Court said: "Torre betrayed the trust of his clients and left many of them financially devastated." "The ...

Shadow Minister for Financial Services Pat Conaghan resigns

ELIZA BAVIN  |  THURSDAY, 22 JAN 2026
Shadow Treasurer and Minister for Financial Services Pat Conaghan has resigned from the shadow ministry, effective immediately. Conaghan has been very outspoke on the collapse of Shield and First Guardian and a vocal critic of ASIC's handling of ...

Netwealth's APRA-mandated governance overhaul underway

RIDDHIMA TALWANI  |  THURSDAY, 22 JAN 2026
Netwealth said its APRA-mandated investment governance overhaul is underway and is being led at the executive level. This was part of its agreement with ASIC in December under which it said it will repay $101 million to super members who accessed the ...

Insignia sees $1.5bn inflows, updates on CC Capital takeover

ANGELIQUE MINAS  |  THURSDAY, 22 JAN 2026
Insignia Financial reported funds under management and administration (FUMA) of $342 billion in 2Q26, an increase of $1.5 billion. This was partially offset by net outflows of $73 million, driven by institutional outflows of $1.6 billion from direct ...

ASIC seeks relief extension for securitisation entities

KARREN VERGARA  |  WEDNESDAY, 21 JAN 2026
ASIC is seeking to extend a relief for securitisation entities from holding an AFSL for five more years. The regulator is seeking stakeholder feedback on its plans to remake a relief instrument by extending the exemption for securitisation entities ...