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Showing 11 - 20 of 3226 results for "Scheme"

SMSFA backs review of ATO's regulatory approach

VINNY VUCAGO  |  THURSDAY, 9 JUL 2026
The SMSF Association (SMSFA) has welcomed the Australian National Audit Office's (ANAO) review of the Australian Taxation Office's regulation of self-managed super funds, describing it as a timely opportunity to assess whether the regulatory framework ...

SS&C to accept digital cash for tokenised investments

MATTHEW WAI  |  THURSDAY, 9 JUL 2026
... hold a similar AFSL. Further, ASIC has announced a three-month extension for those that are not yet compliant with the scheme, now expiring on September 30. Swyftx interim co-chief executive Andrea Yuen said: "It's an enormous responsibility to be a ...

ASIC consolidates compliance rules for platforms

RIDDHIMA TALWANI  |  WEDNESDAY, 8 JUL 2026
... Instrument 2023/669 provided relief to operators of IDPSs from the requirement to register the IDPS as a managed investment scheme, and the financial product disclosure, hawking and fundraising provisions of the Corporations Act. ASIC consulted on the ...

ASIC makes first move since putting private credit on notice

MATTHEW WAI  |  FRIDAY, 3 JUL 2026
The market watchdog has made interim stop orders against two products operated by Stratfund, suspecting deficiencies in the target market determinations (TMD) for both products. Offered under the Australian Fixed Income Fund, the products in question ...

Financial services CSLR Levy hits $198m

MATTHEW WAI  |  THURSDAY, 2 JUL 2026
The Compensation Scheme of Last Resort (CSLR) has increased the estimated FY27 levy to be paid by the financial services sector to $198.1 million, a $60.7 million increase from its initial estimate announced in November 2025. The latest update expects ...

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
ASIC has called out superannuation trustees for not doing enough to protect retirement savings of Australians on platforms even after repeated warnings from regulators about the dangers of poor oversight. ASIC's report Safeguarding super: How well are ...

ASIC sues three Keystone Asset Management directors

KARREN VERGARA  |  FRIDAY, 26 JUN 2026
... development projects, ASIC found, including payments to related parties and third parties without the required prior approval of scheme members. Additionally, the directors did not abide to the "Shield Compliance Plan" by failing to obtain valuations ...

APRA investigating Diversa's executive compensation

RIDDHIMA TALWANI  |  THURSDAY, 25 JUN 2026
... course." Diversa Trustees has said it will be "vigorously defending" ASIC's allegations, arguing the managed investment scheme was "fraudulent." APRA had also imposed additional licence conditions on Diversa in late 2025. The prudential regulator ...

Diversa drags Praemium into First Guardian lawsuit

KARREN VERGARA  |  TUESDAY, 23 JUN 2026
... million. Diversa Trustees said it will be "vigorously defending" ASIC's allegations, arguing the managed investment scheme was "fraudulent." ASIC has not made any claims against PAL, Powerwrap or OVWS to date. Praemium said it will "will review the ...

ASIC charges developer over alleged $10m fraud

VINNY VUCAGO  |  TUESDAY, 23 JUN 2026
Property developer David McWilliams has been charged over an alleged $10.1 million fraud scheme involving investor funds raised for specialist disability accommodation projects, following an investigation by ASIC. McWilliams appeared before the Southport ...