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Showing 301 - 310 of 4201 results for "Action"

Banned director sentenced for running financial services firm

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... judgment demonstrates such brazen and intentional disregard of the law will be strongly punished. ASIC will continue to take action to ensure court orders are complied with," ASIC deputy chair Sarah Court said.

Super spending calls BFID compliance into question

JAMIE WILLIAMSON  |  TUESDAY, 24 JUN 2025
... encouraged to review their practices considering the better practice examples and observations below holistically and take action to address any deficiencies," APRA deputy chair Margaret Cole said. "Where APRA identifies practices which fall short of ...

AFCA urges adviser clarity on SMSF wholesale investor test

KARREN VERGARA  |  MONDAY, 23 JUN 2025
... enforce the wholesale classification requirement to SMSFs. However, AFCA said that ASIC's position does not limit consumer action and that SMSF trustees can still pursue complaints through AFCA if the fund has less than $10 million in assets. "Sophistication ...

US-Iran tensions send markets into panic mode

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
... ambitions and not a regime change in the nation, US President Donald Trump's rhetoric suggests the potential for further action. "From Israel's perspective, it may push for additional US support to ensure Iran's nuclear program remains crippled and ...

Australia progresses climate transition disclosures, planning

KARREN VERGARA  |  FRIDAY, 20 JUN 2025
... emissions reduction strategies grows, a study from MSCI shows. Among listed Australian companies analysed in the APAC Climate Action Progress Report that have disclosed transition plans, 92% are reporting on Scope 1, 2 and 3 emissions. Over the last ...

Equity Trustees rapped over the knuckles by ASIC

JAMIE WILLIAMSON  |  THURSDAY, 19 JUN 2025
... disclosures made in relation to investments by managed investment schemes are accurate and are not misleading. "ASIC's action should serve as a reminder to trustees that they need to ensure they take their investment governance responsibilities serio ...

ASIC takes action on Australian Fiduciaries

KARREN VERGARA  |  MONDAY, 16 JUN 2025
ASIC is investigating Queensland financial services firm Australian Fiduciaries, which has $160 million of investor money, and seeks asset preservation orders and the appointment of receivers. ASIC believes that about 600 retail investors have invested ...

ASIC launches fresh inquiry into ASX

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... replacement project in mid-2026," Longo said. ASX chair David Clarke commented: "We acknowledge the seriousness of this action, and ASIC's inquiry will have our full cooperation. We have been working hard on a transformation strategy with several of ...

ASIC puts 18 finfluencers on notice amid global campaign

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
... for promoting high-risk products and providing unlicensed financial advice. The warnings were part of a Global Week of Action Against Unlawful Finfluencers, which saw ASIC participate in a coordinated effort with several international regulators to crack ...

Government to convene a productivity roundtable

ANDREW MCKEAN  |  WEDNESDAY, 11 JUN 2025
Prime Minister Anthony Albanese announced at the National Press Club yesterday that Treasurer Jim Chalmers will convene a roundtable in August to support and shape the government's growth and productivity agenda. Albanese said the roundtable will bring ...