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Showing 21 - 30 of 721 results for "Misconduct"

Former Venture Egg adviser permanently banned

JAMIE WILLIAMSON  |  THURSDAY, 9 APR 2026
... Papapavlou was licensed through Dover Financial Advisers until its closure in July 2018, prompted by its extensive misconduct being publicised by the Royal Commission. He was then authorised under Consilium Advice, a group established by former Dover ...

Super Consumers Australia raises concerns over Treasury reforms

RIDDHIMA TALWANI  |  THURSDAY, 9 APR 2026
... comparing the consumer's actual position following the breach with the position they would reasonably have been in had the misconduct not occurred. "The use of a counterfactual methodology can materially affect the amount ultimately payable by the CSLR," ...

Treasury proposes lead generator, super switching reforms

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... is due on May 22. The collapses of the Shield and First Guardian Master Funds have exposed industry-wide issues and misconduct that until recently have been left unchecked. These have ultimately exposed members to higher-risk products and inadequate ...

Treasury opens CSLR funding, sustainability consultation

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... framework to respond more predictably to large-scale, investment-related losses arising from personal financial advice misconduct where costs exceed the annual sub-sector levy caps." This means that any funding shortfall would be allocated sequentially ...

ASIC disqualifies crypto fund director for five years

MATTHEW WAI  |  THURSDAY, 2 APR 2026
... cryptocurrency fund. Balanian is disqualified until at least 31 March 2031. ASIC found Balanian engaged in "serious misconduct" and failed to meet his obligations as a director for Digital Commodity Assets, DCA Capital and Polychain between May 2017 ...

Binance Australia to pay $10m over deliberate customer misclassifications

MATTHEW WAI  |  MONDAY, 30 MAR 2026
... products without the required consumer protection due to their misclassification as wholesale investors in the period. The misconduct resulted in more than $12 million in losses and fees, including $8.66 million in client trading losses and $3.89 million ...

Chalmers looks to shore up fuel supply as Iran war continues

ELIZA BAVIN  |  MONDAY, 23 MAR 2026
... relaxed fuel standards to get more petrol to service stations. "We're increasing surveillance, doubling penalties for misconduct and empowering the consumer watchdog to get to the bottom of what's going in the fuel sector." Chalmers said there ...

Governance issues on the rise: ASIC

ELIZA BAVIN  |  WEDNESDAY, 25 FEB 2026
In the six months from 1 July 2025 to 31 December 2025, the corporate watchdog received 9686 reports of misconduct (ROMs), raising 13,036 issues, new data from ASIC shows. ASIC said the increase in ROMs was driven largely by corporate governance concerns ...

Aged care advice needs regulatory intervention: Research

ANGELIQUE MINAS  |  TUESDAY, 10 FEB 2026
... and competency standards, and carry professional indemnity insurance to ensure compensation in cases of professional misconduct and participate in an external complaints resolution body. "Unlicensed providers do not offer these protections."

Advisers need more support: FAAA submission

ANGELIQUE MINAS  |  THURSDAY, 5 FEB 2026
... on behalf of their clients, it said. "The FAAA remains supportive of a scheme to compensate the victims of financial misconduct, but the current CSLR is unsustainable and unfair on advisers who have done nothing wrong," Abood said. Lowering the ASIC ...