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Showing 451 - 460 of 5221 results for "2015-16 ASIC"

ASIC tells super: 'You have everything you need to not fail'

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
ASIC commissioner Simone Constant has told Financial Standard the regulator has super funds in its sights for more than just claims handling delays. "The main focus is on member services more generally, this is a multi-year phased project" Constant ...

'Tensions' identified between FAR and other requirements

ELIZA BAVIN  |  MONDAY, 26 MAY 2025
The chief executives of several superannuation funds sat down with ASIC and APRA for a roundtable to discuss key issues related to the Financial Accountability Regime (FAR). As part of the discussions, the super fund chiefs emphasised the importance ...

ASIC accuses Kalkine of providing unlicensed advice

ELIZA BAVIN  |  FRIDAY, 23 MAY 2025
ASIC has told Kalkine it must appoint an independent compliance consultant to address concerns its customer service representatives have been giving unlicensed advice. Kalkine is an equity research house which produces stock analysis and buy, hold and ...

Former director sentenced over 'test' trading accounts

MATTHEW WAI  |  THURSDAY, 22 MAY 2025
... "Investors used these 'test' accounts to conduct what they believed to be genuine trading; however, no actual trading took place," ASIC said. From that, McCabe dishonestly obtained a total of $940,350 from eight victims, seven of whom were clients of ...

ASIC sues home loan manager over 'unlawful' hardship application handling

MATTHEW WAI  |  WEDNESDAY, 21 MAY 2025
... applications. Resimac is an alternative lender for residential mortgages and asset finance, managing loans issued by Perpetual. ASIC believes thousands of vulnerable customers suffering financial distress were impacted by Resimac's 'one size fits all' ...

ASIC takes Block Earner case to High Court

ELIZA BAVIN  |  WEDNESDAY, 21 MAY 2025
ASIC intends to appeal the Full Federal Court's decision, now seeking special leave from the High Court in its case against Block Earner. The Federal Court decision found that a product issued by Block Earner, which allowed consumers to earn fixed ...

AFCA looks to expand jurisdiction over receiving banks in scams

MATTHEW WAI  |  TUESDAY, 20 MAY 2025
The Australian Financial Complaints Authority (AFCA) is opening public consultation on a string of governance changes, with a key focus on expanding its jurisdiction to include receiving banks in scam complaints. Following an engagement with an external ...

Canadian Securities Exchange to acquire National Stock Exchange of Australia

ANDREW MCKEAN  |  MONDAY, 19 MAY 2025
NSX Limited (NSX), the operator of the National Stock Exchange of Australia, has entered into a Scheme Implementation Deed with CNSX Markets, the market operator of the Canadian Securities Exchange (CSE). Under the agreement, CNSX will acquire all remaining ...

Former Sydney adviser sentenced to three years

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... adviser fee forms for 12 clients which purported to authorise withdrawals from their Wealthtrac superannuation accounts. ASIC said Valvo had created fictitious client file notes allegedly detailing conversations which purported to record some of his ...

Zurich fined over false and misleading statements

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... paid the fine on 8 May 2025. The two infringement notices have been published on ASIC's infringement notices register. ASIC said insurance claims handling was a 2024 enforcement priority for the regulator, and failures by insurers to deal fairly ...