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Showing 11 - 20 of 566 results for "Civil"

AFCA to update rules on new genetic testing laws

KARREN VERGARA  |  TUESDAY, 2 JUN 2026
... exclusions on which the cover is offered. ASIC will enforce the new legislation as insurers that ignore the ban can face a civil penalty. Insurers, however, will still be able to access information about a disease for which an individual has been clinically ...

APRA slaps additional licence conditions on HTFS Nominees

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... before it offers them to advisers and their clients. Adding more to its troubles, ASIC announced last wee k it commenced civil penalty proceedings against ETSL, alleging failures in care, skill and diligence concerning the decision to allow members to ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
ASIC has commenced civil penalty proceedings in the Federal Court against Equity Trustees Superannuation (ETSL), alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund. This ...

Addressing modern slavery risks more critical than ever: RIAA

KARREN VERGARA  |  THURSDAY, 23 APR 2026
... was appointed as Australia's inaugural Anti-Slavery Commissioner, responsible for working with government, businesses, civil society and people with lived experience to address modern slavery. In January, Evans handed down the Recommendations to ...

Treasury mulls increased powers for TPB

ELIZA BAVIN  |  TUESDAY, 14 APR 2026
... legislation proposes to introduce criminal penalties for unregistered tax return preparers; increase the maximum amounts for civil penalties; allow infringement notices for alleged breaches of some civil penalty provisions; enable enforceable voluntary ...

Magellan, WAM suffer due to Iran conflict

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2026
Monthly updates from both Wilson Asset Management's WAM Leaders Fund and Magellan reveal the impact of market volatility due to the ongoing crisis in the Middle East. The WAM Leaders investment portfolio decreased during the month, while Magellan ...

Digital assets framework bill passes, paves the way for consumer confidence

MATTHEW WAI  |  THURSDAY, 2 APR 2026
... industry. Under the amendment, ASIC is also granted enforcement power over related DAPs and TCPs, and any breaches may attract civil penalties, it said. Businesses are also given an 18-month period to comply with the new licensing and operational standards. ...

Genetic testing laws pass parliament

ELIZA BAVIN  |  THURSDAY, 2 APR 2026
... information for underwriting life insurance including the existence of signs, symptoms or diagnosed diseases," he said. "There are civil penalties and criminal offences for non-compliance which will be regulated by the Australian Securities and Investments ...

Governance issues on the rise: ASIC

ELIZA BAVIN  |  WEDNESDAY, 25 FEB 2026
... "They help us identify key issues for consumers, investors and creditors, and guide our decisions on potential criminal and civil action." Court said ASIC continues to welcome reports and tip-offs from the public. ASIC also released its six-monthly Enforcement ...

Sequoia weighs InterPrac's fate, launches review

KARREN VERGARA  |  TUESDAY, 24 FEB 2026
... commissioner Danielle Press as independent chair of its inaugural AFSL Governance Committee. Last November, ASIC commenced civil penalty proceedings in the Federal Court against InterPrac. Sequoia is expected to complete its statement of claim in mid-March ...