Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 311 - 320 of 5202 results for "2015-16 ASIC"

Former staffer sues ASX, Lofthouse over bullying

ELIZA BAVIN  |  TUESDAY, 16 SEP 2025
... plan to further strengthen its resourcing arrangements for the maintenance and support of CHESS," the ASX said. On June 26, ASIC appointed three panel members to conduct an inquiry into the ASX. Leading the inquiry is Commonwealth Bank independent non-executive ...

Cbus vows faster death benefit payouts

KARREN VERGARA  |  TUESDAY, 16 SEP 2025
... Services, have been slammed for several death benefit processing failures. Taking Cbus to the Federal Court last November, ASIC alleged about 10,000 members have faced severe delays while some were left waiting more than 12 months for a payout. According ...

ANZ fined $240m for bond trading, retail misconduct

KARREN VERGARA  |  MONDAY, 15 SEP 2025
... 10-year Australian bond futures around the time of pricing which placed undue downward price pressure on the bond price," ASIC said. "ANZ knew its trading could expose its client to significant risk of harm, but did not disclose to its client that ANZ ...

ASIC takes aim at super, private markets

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
ASIC commissioner Simone Constant says that three years into the Retirement Income Covenant, things are "not where we'd hoped to be". Speaking at a FINSIA event on Friday, Constant said there is still room to improve the ways super trustees serve their ...

Court extends freezing orders on First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 12 SEP 2025
... attained from March 2024 to July 2025 and intended for investment, may "have not been used for that purpose and may be at risk." ASIC is now concerned that a "significant proportion" of the funds have been used for gambling purposes, and so far, "no ...

Receivers appointed to two Australian Fiduciaries entities

JAMIE WILLIAMSON  |  WEDNESDAY, 10 SEP 2025
... with ASIC finding that $600,000 paid to a luxury car dealership in Brisbane may have, in part, been transferred from Avenir. ASIC had been trying since June to appoint receivers to Australian Fiduciaries and its several related entities. It was seeking ...

Latest adviser exam sees 69% pass

MATTHEW WAI  |  MONDAY, 8 SEP 2025
ASIC has handed down the results for the 30th Financial Adviser Exam, held in August, with the pass rate once again falling under the 70% mark. The previous exam cycle in June saw the lowest pass rate in recent times at 66%. Although slightly improved ...

Federal Court slaps Mawhinney with 15-year ban

KARREN VERGARA  |  MONDAY, 8 SEP 2025
... who supported him by attending the recent trial and he remains committed to rebuilding so all clients can be made whole." ASIC said it "welcomes this decision" and that this is the "culmination of a matter that has taken many years and considerable resources." ...

Perth man found guilty of $34m fraud

ELIZA BAVIN  |  MONDAY, 8 SEP 2025
... investors. "Today's guilty verdicts mark the end of a sorry chapter that many of Marco's investors would rather forget," ASIC deputy chair Sarah Court said. "This result delivers justice to investors who Marco defrauded and speaks to ASIC's painstaking ...

ASIC lands special leave against Block Earner

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
ASIC is persevering in its crusade against Block Earner with the Federal Court granting a special leave to appeal an April decision that found that an AFSL was not necessary to offer a fixed-yield digital asset-related product. ASIC said its appeal ...