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Showing 11 - 20 of 158 results for "ASIC for"

Two financial services directors fined $15k over reporting failures

MATTHEW WAI  |  TUESDAY, 25 NOV 2025
... been convicted of two offences and fined $15,000 over failure to lodge financial statements and auditors' reports with ASIC for five years. They have each pleaded guilty to two charges of aiding, abetting, counselling or procuring the firm to commit ...

APRA-regulated funds should not pay CSLR special levy: SMC

MATTHEW WAI  |  MONDAY, 24 NOV 2025
... the advice sector is not "the right approach". Meanwhile, shadow minister for financial services Pat Conaghan blasted ASIC for its handling, claiming it was "too slow" out of the gate and should take some responsibility for the scheme. "If there was ...

HESTA pays $40k fine for greenwashing

ELIZA BAVIN  |  THURSDAY, 6 NOV 2025
HESTA has paid $37,560 to comply with two infringement notices issued by ASIC for misleading statements. ASIC alleged the $100 billion super fund made misleading statements in paid advertisements about its commitment to removing carbon emissions investments. ...

Crown Wealth director banned for two years

KARREN VERGARA  |  THURSDAY, 30 OCT 2025
... served through our network of 50 advisers. Importantly, no clients suffered any financial loss." Rodwell also criticised ASIC for not getting its priorities right. While the regulator aggressively pursued a technical issue against Crown, he said, large-scale ...

MUFG 'sincerely apologises' to Cbus over claim delays

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
... communications currently only supported by paper," they said. Despite the settlement, Cbus is still facing litigation from ASIC for claims handling delays which was launched in November 2024. However, it is understood the super fund is engaging with ...

ASIC report a 'solid point of reference' for private credit guardrails

JAMIE WILLIAMSON  |  TUESDAY, 23 SEP 2025
... Australians through superannuation and retail investments," Briggs said. Lastly, the Australian Investment Council commended ASIC for the work it has undertaken in reviewing the private credit market and said it welcomed the confirmation that, for the ...

Cbus vows faster death benefit payouts

KARREN VERGARA  |  TUESDAY, 16 SEP 2025
After being caned by ASIC for making beneficiaries wait for more than 90 days to receive a death benefit, Cbus is vowing to pay them faster. Where members have not nominated a beneficiary, Cbus said benefit payments will be paid to the surviving current ...

Cbus deputy chief executive resigns

ELIZA BAVIN  |  FRIDAY, 25 JUL 2025
... fund's processes for determining the propriety of board directors are lacking. Cbus has also come under fire from ASIC for claims handling delays which the regulator alleges impacted 6500 members.

ASIC fines advice groups over unregistered advisers

JAMIE WILLIAMSON  |  THURSDAY, 17 JUL 2025
... provide personal advice while unregistered. Skye Money and Smart Financial Capital have both paid fines of $31,300 to ASIC for authorising an unregistered financial adviser to provide personal advice to clients. ASIC said that it acted as it had reasonable ...

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
... conduct, committed by one of its representatives at Lighthouse Partners. Kiriley Roper was recently banned for 10 years by ASIC for charging fees for no service to the tune of more than $80,000. Roper was authorised by Crown Wealth Group when Moore was ...