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

Search Results

Showing 21 - 30 of 419 results for "Corporate regulator"

Zurich cleared by Federal Court in life insurance dispute

ANDREW MCKEAN  |  MONDAY, 8 JAN 2024
... process, and by not adequately notifying her of the intention to void the policy on the basis of fraud. The corporate regulator also accused OnePath of failing to inform the customer of her right to dispute or appeal the decision to avoid the policy. ...

Former AMP adviser banned by ASIC

ANDREW MCKEAN  |  THURSDAY, 14 DEC 2023
... any financial services, managing a financial services business, or engaging in credit activities because the corporate regulator deemed him to lack adequate training or competence. ASIC highlighted Mink's professional lapses, including placing himself ...

ASIC curbs high-risk offers from online trading providers

ANDREW MCKEAN  |  WEDNESDAY, 6 DEC 2023
... the fluctuating market conditions and the decline in retail trading activity post-pandemic. In a report, the corporate regulator said that it took swift action to disrupt certain high-risk offers, or proposed offers, to retail investors where we were ...

Former adviser convicted over false documents

CHLOE WALKER  |  THURSDAY, 30 NOV 2023
... of not being covered as it meant they had now met the duty of disclosure owed to the insurer. In 2017, the corporate regulator permanently banned Fong from providing financial services or engaging in credit activities. Three years later, Fong was charged ...

ASIC freezes out former Magnolia Capital director

ANDREW MCKEAN  |  WEDNESDAY, 22 NOV 2023
... companies showed that they were unable to pay their unsecured creditors more than 50 cents on the dollar. The corporate regulator determined that Atkins, previously an authorised representative of Australian financial services licensee Guildfords Fund ...

ASIC strips institutional broker's AFSL

ANDREW MCKEAN  |  THURSDAY, 16 NOV 2023
... financial services licence (AFSL), restricting the firm to only terminating existing client arrangements. The corporate regulator revoked JB Markets' AFSL due to non-compliance with financial requirements and insufficient resources for providing and ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... focusing on member outcomes in 2024. Baring its teeth in an enforcement and regulatory update released today, the corporate regulator signalled that tackling misconduct is a "key priority" and requisite to maintaining trust and integrity in the financial ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... concluded between five and 14 months before they were publicised. This discrepancy raised red flags for the corporate regulator, troubled by the fact that the historical performance figures presented were notably more favourable than the most recent ...

ASIC updates qualified tax relevant provider definition

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
... of a "qualified tax relevant provider" without having to undertake specific courses, according to ASIC. The corporate regulator said it made a one-off update to the Financial Advisers Register on November 3 to record that individuals who are both a relevant ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
The corporate regulator is taking TelstraSuper to the Federal Court for allegedly failing to comply with internal dispute resolution requirements. ASIC alleges that 40% of the corporate superannuation fund's responses to complainants during a specific ...