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Showing 301 - 310 of 5203 results for "2015-16 ASIC"

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

JAMIE WILLIAMSON  |  TUESDAY, 23 SEP 2025
Stakeholders have welcomed the findings of ASIC's interim report on Australia's private credit sector, saying it serves as a timely call for greater transparency. The report found there are many improvements to be made in the sector, particularly in ...

Vale Rupert Smoker

MATTHEW WAI  |  TUESDAY, 23 SEP 2025
Evolution Trustees chief executive Rupert Smoker has passed away at the age of 47. Smoker co-founded Evolution Trustees almost a decade ago and served as chief executive. He was well known in the financial services industry, particularly through his ...

Federal court slams director for 'fanciful' asset valuation

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
... found Hodgson, MacroLend and Great Southland each conducted an unlicensed financial services business between 2015 and 2023. ASIC said this was of significant concern as MacroLend and Great Southland raised around $109 million from investors during the ...

MHC Digital partners to launch stablecoin platform

MATTHEW WAI  |  MONDAY, 22 SEP 2025
MHC Digital Group has entered a 50/50 joint venture with Catena Digital to launch Macropod, Australia's first fully licensed, AUD-backed stablecoin platform. Through the platform, it will issue its stablecoin at 1:1 against Australian dollars held in ...

Concentration of private credit sector a concern: ASIC

JAMIE WILLIAMSON  |  MONDAY, 22 SEP 2025
ASIC has released the interim report from its review into the nation's $200 billion private credit market, which it says could pose a systemic risk to many investors if a downturn were to occur. The review has so far found that while most investors ...

ASIC issues interim stop orders to La Trobe Financial

JAMIE WILLIAMSON  |  FRIDAY, 19 SEP 2025
... offerings are deficient. The orders are in place for three weeks. In relation to the 12 Month Term Account and 2 Year Account, ASIC said it is concerned the target markets for each suggest an inappropriate level of portfolio allocation given the risks ...

ASIC chair calls it quits

KARREN VERGARA  |  FRIDAY, 19 SEP 2025
ASIC chair Joe Longo has tendered his resignation, to finish up in 2026. In June, Longo told the Secretary to the Treasury he would not be seeking an extension of his term, which finishes up on 31 May 2026. A former lawyer, Longo replaced James Shipton ...

Equity Trustees slashes value of Shield investments

JAMIE WILLIAMSON  |  THURSDAY, 18 SEP 2025
... left destitute due to misconduct, negligence or fraud," it said. Appearing before a parliamentary committee this morning, ASIC chair Joe Longo said it could be as many as 15,000 investors who have been impacted by the Shield and First Guardian failure. ...

ASIC makes 'first-of-its-kind' exemption to broaden digital asset access

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
ASIC has granted class relief for intermediaries engaging in the secondary distribution of a stablecoin issued by a licensed issuer. Unlike commonly known cryptocurrencies like Bitcoin, a stablecoin, where some are considered a financial product under ...

ASIC sets sights on 140 advisers

ELIZA BAVIN  |  THURSDAY, 18 SEP 2025
ASIC deputy commissioner Sarah Court told a parliamentary committee this morning that the regulator has identified around 140 financial advisers who were involved in super switching misconduct relating or similar to Shield and First Guardian. "We had ...