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Showing 351 - 360 of 5204 results for "2015-16 ASIC"

NAB fined over $15m for delaying hardship applications

MATTHEW WAI  |  THURSDAY, 14 AUG 2025
... lenders must consider varying a troubling customer's credit contract and advise the decision within specified timeframes. ASIC deputy chair Sarah Court said the decision highlights the seriousness of the negligence. "These failures likely made an already ...

ASIC calls out super 'leaders and laggards'

ELIZA BAVIN  |  THURSDAY, 14 AUG 2025
ASIC commissioner Simone Constant has told super trustees more needs to be done to meet obligations under the Retirement Income Covenant. "We are three years into the Retirement Income Covenant now. Three years since trustees have been obliged by law ...

ASIC to review RG97 to boost property supply

JAMIE WILLIAMSON  |  WEDNESDAY, 13 AUG 2025
ASIC is reviewing the need for superannuation funds to include stamp duty payments in fee disclosures in a bid to boost their investment in property. Super funds have long held concerns that obligations under Regulatory Guide 97: Disclosing fees and ...

Decade-long ban for UGC director upheld

MATTHEW WAI  |  WEDNESDAY, 13 AUG 2025
... including those obtained from a third-party website operator, offering them a free superannuation 'health check,'" ASIC said at time of banning. Subsequently, ASIC obtained interim orders from the Federal Court freezing the assets of UGC and ...

Account number issue causes angst, undue admin work: FAAA

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
Flaws in Delivering Better Financial Outcomes (DBFO) Tranche 1 has inundated financial advisers with angst and more administrative work thanks to confusion surrounding account number inclusion in consent forms, according to the Financial Advice Association ...

Former Kerr Neilson staffer pleads guilty to insider trading

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... Sydney's Local Court yesterday, Forrest pleaded guilty to two counts of insider trading between August and September 2024. ASIC alleged he acquired about $2.6 million of Platinum shares while in possession of inside information and encouraged others ...

Insignia offloads IOOF Alliances to Entireti

KARREN VERGARA  |  TUESDAY, 12 AUG 2025
Entireti has acquired IOOF Alliances, a provider of support services for AFSLs, from Insignia Financial for an undisclosed sum. IOOF Alliances will merge with Jigsaw Advice Solutions to form Entireti Alliances. About 70 self-licensed advisory firms ...

Superannuation fraudster sentenced to prison

ELIZA BAVIN  |  MONDAY, 11 AUG 2025
... sentences to be served concurrently. Steele will be eligible for parole after having served a period of 20 months' imprisonment. ASIC said between May 2016 and February 2017, Steele persuaded 14 investors to withdraw more than $1.3 million from their ...

Four men charged over sophisticated bond scam

MATTHEW WAI  |  FRIDAY, 8 AUG 2025
... laundering offences for allegedly using fake social media advertisement and investment comparison sites to help run a bond scam. ASIC alleges that between January and July 2021, Dimitrios (James) Podaridis, Peter Delis, Bassilios (Bill) Floropoulos ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... AFSL and will in conjunction with the executive report to the SEQ boards risk and Compliance Committee," it said. In total, ASIC counts that losses from the two managed investment schemes mount to $1 billion for about 11,000 investors. Since 7 April ...