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Showing 11 - 20 of 334 results for "AFCA"

Shorter CSLR payout timeframe awaits major bill passage

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2026
... out of the process and get people their compensation sooner, then it should. "My concern has always been the gaps between AFCA, the CSLR and the funding. Victims shouldn't get through one hurdle only to find another one waiting for them. We know ...

AFCA consults on rule changes under upcoming scam framework

MATTHEW WAI  |  TUESDAY, 1 SEP 2026
The Australian Financial Complaints Authority (AFCA) is seeking feedback on proposed changes to consider scam-related complaints under the Scam Prevention Framework (SPF) that will come into effect early next year. The government passed the Scams Prevention ...

AFCA moves to reinstate APT Strategy, opens doors for victims

KARREN VERGARA  |  THURSDAY, 27 AUG 2026
... Australian Fiduciaries-linked APT Strategy has been reinstated as a member of the Australian Financial Complaints Authority (AFCA), paving the way for victims to come forward. AFCA today announced APT Strategy, which is in liquidation, is once again ...

First Guardian victims advance in case against InterPrac

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
... InterPrac to pay the sums, which were calculated based on determinations set by the Australian Financial Complaints Authority (AFCA), in a holding account with the Federal Court. Melinda Kee lost $380,000 of her retirement savings when she invested it ...

Mulino brings New Class of Advisers to life, guarantees fairer CSLR funding

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
... CSLR, Mulino will limit compensation to actual investment losses rather than hypothetical losses for applications made to AFCA after June 30 of next year. The government will apply the waterfall model outlined in a recent consultation to the $170.3 million ...

ASIC suspends AFSL of GFA Capital Markets

RIDDHIMA TALWANI  |  THURSDAY, 6 AUG 2026
... suspended, GFA can continue to operate for the limited purposes of maintaining its Australian Financial Complaints Authority (AFCA) membership, holding professional indemnity insurance, and complying with written notices issued by ASIC. "Prior to the ...

Advice complaints see biggest increase in FY26: AFCA

MATTHEW WAI  |  TUESDAY, 4 AUG 2026
... investment and advice complaints have seen the steepest increase in FY26, data from the Australian Financial Complaints Authority (AFCA) shows. AFCA received a record 119,949 complaints in the 12 months to June end, the highest number on record and the ...

ASIC bans former NextGen Financial Group directors

KARREN VERGARA  |  FRIDAY, 24 JUL 2026
... from working in financial services for three years for failing to comply with Australian Financial Complaints Authority (AFCA) determinations. Nicholas Duncan Jeremy Brookes and Vittorio Vincenzo Turco were each banned from managing or controlling financial ...

Super Consumers appoints former regulator as chair

RIDDHIMA TALWANI  |  WEDNESDAY, 22 JUL 2026
... the Financial Counselling Industry Fund, chair of the consumer advisory panel at Australian Financial Complaints Authority (AFCA) as well as chair of the consumer consultative committee at ACCC. "Peter has spent his career working to make markets fairer ...

Crole exits Sequoia effective immediately

KARREN VERGARA  |  WEDNESDAY, 22 JUL 2026
... Fund and First Guardian Master Fund. On the offensive, InterPrac is suing the Australian Financial Complaints Authority (AFCA), believing it has not been treated fairly. It is also targeting a former client and victim of First Guardian based on an AFCA ...